Sentiment Index for Housing Market Drops Again
Augusta Chronicle, The (June 19, 2007)
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WASHINGTON - A measurement of industry sentiment about the housing market fell in June for the fourth consecutive month to the lowest point in more than 16 years.
Housing developers are being squeezed by tighter lending standards for borrowers trying to get mortgage loans. In response to weak demand, developers are cutting prices and offering buyer incentives to cope with a mounting supply of unsold homes, the National Association of Home Builders said Monday.Sentiment Index for Housing Market Drops Again
The trade group said its housing market index, which tracks builders' percep...
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