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Subprime Worries Weigh on Builders

Stock quotes in this article: CTX , KBH  

Problems in the subprime mortgage market continued to take a toll on homebuilders' confidence about the housing market in April, a trade group said Monday.

The monthly National Association of Home Builders/Wells Fargo Housing Market Index declined 3 points to 33 in April, its lowest level since December.

A number over 50 indicates that more builders view sales conditions as good than as poor. ...

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