Yahoo - "Homebuilder mood index slides: survey" (8-15-06)

"U.S. homebuilder optimism sank for a seventh consecutive month in August as a dearth of buyers caused inventories of unsold homes to pile up, an industry trade group survey showed on Tuesday."

"The National Association of Home Builders said its index of sentiment among homebuilders plunged 7 points to 32, its lowest since February 1991 and less than half the level of a year ago."

"A reading below 50 means more builders view sales conditions as poor rather than good."