No Bottom in Sight for U.S. Homebuilders: Report

"Due to increased fear regarding job markets and continued home price declines, U.S. home builders may not see a bottom to the market until late 2009, according to a quarterly report released Thursday by Fitch Ratings. “As weak as housing has been, it can soften further,” said lead analyst Robert Curran in a media statement regarding the report. “Credit markets are still impaired, home prices continue to fall and now the general economy and, especially, employment numbers have taken a turn for the worse.”"