US: Homebuilder Sentiment Unexpectedly Slips in June

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Carried by CNBC, 15th June 2009

U.S. home-builder sentiment slipped in June, a private survey showed on Monday, as higher mortgage rates and an ongoing credit crunch dampened expectations for the sector. The National Association of Home Builders/Wells Fargo Housing Index slipped one point to 15 from 16 in May. Analysts had expected the index to climb by one point.

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