Homebuilder Results Showing Stabilization

Here is some good news from homebuilders.  The Wall Street Journal reported that home builders reported encouraging signs of stabilization in the housing market, but they cautioned that foreclosures and rising interest rates cloud the outlook.  “While it’s too early to see a bottom of this housing downturn,” the report said, the latest data “may signal that the market is beginning to stabilize.”

http://online.wsj.com/article/SB124402433271280917.html#mod=todays_us_marketplace