Commodity Blog |
| Falling US Builder Confidence Harms Copper & Lumber Prices Posted: 19 Feb 2013 01:59 PM PST Copper fell today as confidence of US home builders deteriorated. Lumber also suffered. The National Association of Home Builders reported that its Housing Market Index fell from 47 to 46 in February, while analysts have expected an increase. A value below 50 indicates a negative outlook. The report commented on the decline: This is partly due to ongoing uncertainties about job growth and consumer access to mortgage credit, but it's [...] |
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