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March 16, 2010

Homebuilders survey: Confidence slipping

  • Experts forecast home sales will pick up in the near term, but weaken after tax credits expire.
    • By ALEX VEIGA
    AP Real Estate Writer

    LOS ANGELES — Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for homebuilders.

    The National Association of Home Builders said Monday its housing market index, which tracks industry confidence, slipped this month by two points to 15, back to its January level.


     
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