Stocks Flat, Housing Market Continues to Deteriorate
Stocks rose to start the session but have since edged back towards the flat
line. The trend of disappointing data relating to the slumping housing market
continued today, with single-family home sales falling 8.3% last month.
KB Home
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PowerRating) reported a loss and its outlook wasn’t much better.
Yesterday, the company also announced plans to offer Disney home product options
to homebuyers (full
story).
At the risk of sounding like a broken record, the U.S. dollar hit another record low versus the euro.
Crude oil is rising again, hitting $81.53 per barrel.
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