PJ Media encourages you to read our updated PRIVACY POLICY and COOKIE POLICY.

June 15, 2011

UNEXPECTEDLY! “Confidence among U.S. homebuilders slumped in June to the lowest level in nine months as executives turned more pessimistic on the outlook for sales, a sign that any pickup will take time to develop. The National Association of Home Builders/Wells Fargo sentiment index unexpectedly fell to 13 from 16 in May, the biggest drop in a year, data from the Washington-based group showed today.”

UPDATE: Related: Inflation rises to highest level in 3 years, key manufacturing index goes negative. Stagflation? Yes we can!

Also: Report: More small businesses plan to reduce jobs.

Comments are closed.