(Source: Reuters)

U.S. homebuilder sentiment edged down in October after three months of gains as builders fretted over the upcoming expiration of government incentives for first-time buyers, a private survey showed on Monday.

The National Association of Home Builders / Wells Fargo Housing Market Index dipped to 18 from 19 in September, falling below market expectations for a reading of 20.

Read Lucia Mutikani’s full article “US homebuilder confidence ebbs on tax credit fears” in Reuters (October 19, 2009).

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