1 hour, 54 minutes ago WASHINGTON (Reuters) - Home builder sentiment was stuck at a record low in August, as stringent lending and a flood of foreclosed homes dragged on the real estate market, according to data from the National Association of Home Builders released on Monday.The NAHB/Wells Fargo Housing Market index held at 16 in August for a second straight month, the group said in a statement.
The August figure matched the median forecast among analysts surveyed by Reuters. Readings below 50 mean more builders view market conditions as poor than favorable.
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