by ForexNewsNow Team on July 19th, 2010

U.S. home-builder confidence slides to 15-month low

FX traders online forex global forex FX newsNEW YORK (Forex News Now) – U.S. builder confidence in July sank to its lowest level in more than a year, an industry report showed on Monday, in one of the day’s spotlight FX news events.

The National Association of Home Builders said its Housing Market Index, a monthly gauge of confidence in new-home sales, fell two points to 14 during the month, the lowest level since April 2009, from a downwardly revised 16.

Analysts had expected the reading to come in at 16, two global forex news outlets reported.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))