Homebuilders less confident in recovery

Homebuilders are feeling less confident in the recovery now that government incentives for buyers have expired.

Their pessimism could drag on the economy, which may not benefit so much from the job creation that construction typically generates throughout various sectors.

Last week I posted,

Senate leader Reid seeks homebuyer tax extension

Pretend and extend. Even the deficit reduction commission on could have seen this one coming.

It's only a matter of time. A strong economic recovery requires savings and investment plant and equipment, job creation, and hard work. Pretend and extend misses on all three.

Source: finance.yahoo.com