U.S. home builder mood dips, but up in West - New Mexico Business Weekly:

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The / Housing Market Index declined one point to 15 in but rose two pointas in the Western regionto 14. “Thed outlook for home sale s has improved somewhat inrecent months, due largelyg to implementation of the first-timer home buyer tax credit and gainsx in housing affordability,” said NAHB Chairma n Joe Robson, a home builder from Tulsa, Okla. looking forward, home builders are facing a few including expiration of the tax credit at the end of a recent upturn ininterest rates; and especiallt the continuing lack of credit for housiny production loans.
” Two out of three of the HMI’sz component indexes were unchanged in June, including the indec gauging current home sales, which held at 14, and the indexx gauging traffic of prospective buyers, which held at 13. the index gauging expectations for the next six monthe declined asingle point, to 26. The nationaol decline was driven entirely focused by builderse inthe South, which is the nation’s largest housing market. There, the HMI declined 3 points to 15, while the rest of the regionswposted gains. In addition to the gain in the the Northeast hada one-point gain to 20 and the Midwest showec a one-point gain to 15.