Home builders' confidence falls to 16-year low

i´m not an expert on charts but it is funny how often Wall Street, NAHB, Realtors have called the buttom or turnaround.....

Ich bin beileibe kein Experte in Sachen Charttechnik. Aber es ist schon erstaunlich wie man bei diesem Chartbild praktisch im Monatstakt die Wende oder zumindest den Boden hat ausrufen können.....

The outlook for U.S. home building is the worst in 16 years, the National Association of Home Builders reported Monday. The builders' housing market index fell by two points to 28 in June, the lowest since February 1991

After the late 1980s-early 1990s housing slump, it took 17 years for annual housing starts to exceed the 1986 peak of 1.81 million

disclosure: short several builder