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Tuesday, November 20, 2007

Homebuilder Sentiment Stays at Record Low

November 19 2007
U.S. homebuilders continue to be pessimistic about the housing market, as November's reading of an index that tracks their sentiment remained stuck at a record low. The National Association of Home Builders said Monday its housing market index, which gauges builders' perceptions of conditions and expectations for home sales the next six months, came in at 19 in November, matching an upwardly revised reading for October.

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