(Reuters) - The NAHB/Wells Fargo Housing Market index fell two points to 28 in June, the lowest since it hit 27 in February of 1991, the group said.
"It means that the housing market downturn has a long way to play out," said Matthew Moore, economic strategist at Banc of America Securities in New York.
Read more at Reuters.com Business News
"It means that the housing market downturn has a long way to play out," said Matthew Moore, economic strategist at Banc of America Securities in New York.
Read more at Reuters.com Business News
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