Record Low - Home Builder Confidence in the Tank

Any surprise? Home builder confidence is in the tank and actually set a record low for the month of October:

"Reflecting profound uncertainties tied to the financial market shocks of recent weeks, builder confidence in the market for new single-family homes receded to a new record low this month. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) declined three points to 14 in October after having edged up slightly in the previous month." - (NAHB - National Association of Home Builders)