Market Watch
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Poor weather, shortage of labor leads to pessimism among homebuilders
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Thursday, February 20, 2014
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The persisting harsh conditions that have impacted the U.S. this winter are doing more than leaving Americans with the winter blues.
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which is used to gauge builder perceptions of current single-family home sales and sales expectations, dropped 10 points for the month of February, with inclement weather being cited as a main cause.
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