| Jul 18, 2011 2:21PM Two press releases that came out on Monday may point to a new direction for the residential construction market and perhaps for housing policy. Home builders continue to have little optimism about the new home market according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July. The index, floating near its bottom for since October 2008, did rise two points to 15 but this only partially recouped the three point drop seen in June. The NAHB HPI is a composite... Jul 18, 2011 9:04AM A "flight to safety" led benchmark bond yields and mortgage rates lower last week. Poor economic data combined with ongoing EU contagion concerns and three strong Treasury fundraisers all contributed to a bond market rally. Adding a little more uncertainly to the outlook was the U.S. debt ceiling debate, which once again failed to find positive progress as ideological differences among U.S. political leadership have led to a stalemate, prompting ratings agencies to issue credit rating warnings on...
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