U.S. Homebuilder Sentiment Index Falls to 29 in October
The NAHB/Wells Fargo housing market index fell to 29 in October from 32 in September, reaching a fourteen-year low. The report described the deterioration as bigger than expected.
WASHINGTON (dpa-AFX) — U.S. homebuilder sentiment weakened more than expected in October, according to a report released Monday by the National Association of Home Builders. The NAHB/Wells Fargo housing market index declined to 29 in October from 32 in September.