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Grim outlook for housing market, NAHB CEO warns
Nationwide Affiliation of Household Builders CEO Jerry Howard addresses the ‘huge drop’ in the homebuilder sentiment index on ‘Varney & Co.’ Countrywide Association of House Builders CEO Jerry Howard warned on “Varney & Co.” Monday of “a tricky time” in advance for the industry as facts uncovered the housing market has been slowing down. Howard presented the perception on the very same day it was discovered that builder confidence plunged in July amid soaring inflation and amplified curiosity rates, which stalled the housing marketplace by radically slowing income and targeted traffic from potential buyers, in accordance to the association. Property builder self-confidence in the market place for newly-created one-relatives properties dropped 12…