Builder confidence hits new low in October.WASHINGTON -- Reflecting profound uncertainties tied to the recent financial market shockwave, builder confidence for new single-family homes receded to a new record Low in October, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than . The NAHB/Wells Fargo Housing Market Index declined three points to 14 in October, after having edged up slightly in the previous month. "Not surprisingly, builder confidence has taken a heavy hit from the recent financial market crisis," said NAHB NAHB National Association of Home Builders NAHB National Academy of Health and Business (Canada) Chairman Sandy Dunn, a home builder from Point Pleasant, WV. "We applaud the coordinated efforts that have been undertaken to try to stem the panic on Watt Street and ease the impacts on Main Street, and we stand ready to support additional efforts to help stabilize stabilize See peg. housing and the national economy going forward." |
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