U.S. home builder mood dips, but up in West - Nashville Business Journal:

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The / Housing Market Index declined one point to 15 in but rose two points in the Western regionnto 14. “The outlooko for home sales has improved somewhat inrecent months, due largely to implementation of the first-time home buyerf tax credit and gains in housing affordability,” said NAHB Chairman Joe a home builder from Tulsa, Okla. looking forward, home builders are facing a few including expiration of the tax creditf at the endof November; a recen upturn in interest and especially the continuingf lack of credit for housing productionh loans.
” Two out of threwe of the HMI’s component indexes were unchangeds in June, including the index gauging curren home sales, which held at 14, and the indecx gauging traffic of prospective which held at 13. Meanwhile, the index gauging expectations for the next six months declined asingle point, to 26. The nationalo decline was driven entirely focused by builders inthe South, whicy is the nation’s largest housing There, the HMI declined 3 point s to 15, while the rest of the regions posted In addition to the gain in the the Northeast had a one-point gain to 20 and the Midwes t showed a one-point gain to 15.