Tuesday, January 19, 2010

US homebuilder sentiment falls again in January

WASHINGTON, Jan 19 (Reuters) - U.S. home builder sentiment unexpectedly fell in January to the lowest level since June on concerns over the weak labor market and high foreclosure volume, according to a survey on Tuesday.

The drop in the National Association of Home Builders/Wells Fargo Housing Market Index pointed to a patchy recovery in the housing sector.

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