US DATA: Jun NAHB/Wells Fargo Hsg Mkt Index -3 pts to 13, a low
since Sept’10. Weak prices and rising materials costs blamed. All
components fell in June. Current sales and buyer traffic each fell 2
pts, and sales expectations in the next six months fell 4 pts to tie its
record low score of 15 set in Feb-Mar 2009. The Northeast was the only
region to post a gain in its HMI score for this June, rising two points
to 17. Meanwhile, the Midwest dropped three points to 11, South dropped
two points to 14 and the West posted a four-point decline to 12.