http://www.blochure.com/atlantic-international-partnership-funding-group-builder-stocks-fall-as-home-price-decline-persists-3542/Shares of homebuilders slipped Tuesday after a closely watched housing index showed that home prices are falling in most major U.S. cities.
By The Associated Press. From www.businessweek.com news articles.
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Analysts expect further price declines heading into the summer season, which could further slow the recovery for an industry which is coming off the worst two years for home construction dating to 1959.
The Standard & Poor's/Case-Shiller index released Tuesday shows that home prices dropped in 19 cities from December to January, the sixth consecutive month that the index fell. A majority of the metro areas tracked by the index now have home prices at levels dating back to 2003, just as the housing boom began. In four cities -- Atlanta, Las Vegas, Detroit and Cleveland -- home values are at their lowest point in 11 years.
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