by Calculated Risk on 8/13/2007 08:43:00 PM

Click on graph for larger image.

The National Association of Home Builders (NAHB) Housing Market Index (HMI) is scheduled to be released on Wednesday for August. The all time record low was 20 in January 1991.

The NAHB reported that builder confidence fell to 24 in July from 28 in June.

I doubt the home builders are feeling more confident in August!