The National Association of Home Builders (NAHB) reports that the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) has reached a record low level of 8. Across the United States, the NAHB reports that "Regionally, the HMI fell one point to 10 in the Northeast, held even at 6 in the Midwest, rose one point to 11 in the South and fell three points to new record low of 4 in the West in January."
In our opinion, this is not a surprise as it is yet another indicator of a difficult economy.
To read more: National Association of Home Builders reports HMI at record low
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