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Fun With Housing Charts

Barry Ritholtz:

This is an survey discussion asking about various apsects Builder's Businesses. Its bad enough that the Index (HMI) in May dropped 3 points to 30. It was bad across the board -- but the real ugliness was in traffic of potential buyers -- that's a leading indicator to Builders as to how much product they will be moving -- It dropped to 23. In the heart of the selling season (survey data was done in May).

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