(Source: Wall Street Journal)

Confidence among U.S. home builders slipped in October, largely on the looming expiration of a big tax credit.

The National Association of Home Builders’ gauge of confidence in new-home sales fell for the first time in four months, slipping to 18 from 19 in September.

Wall Street expected the confidence gauge to rise to 20.

Read Jeff Bater’s full article “Home Builders’ Confidence Drops” in the Wall Street Journal (October 19, 2009).

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