WASHINGTON (MarketWatch) -- The already-weak index of builder confidence for new single-family homes fell 3 points in June to 13, the lowest reading since Sept. 2010, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Economists polled by MarketWatch had expected a 16 reading. "Builders are being squeezed by the continuing weakness in existing-home prices - against which they must compete -- as well as rising material costs," said NAHB Chairman Bob Nielsen.
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