Builders' confidence matches record low

Interesting article - not good news for me since I have been thinking about selling.

NEW YORK (CNNMoney.com) -- Homebuilders' confidence in the weak housing market fell in June, matching the record low in a monthly industry assessment index, a trade group said Monday.

Sales volume will continue to erode in the months ahead and hurt the general economy, according to David Seiders, chief economist of the National Association of Home Builders.

"Obviously, this isn't terribly encouraging," Seiders said. "Housing still occupies a major place in the slowdown process ... putting pressure on GDP growth and the labor market."

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