by ForexNewsNow Team on July 19th, 2010

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

NEW 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.

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