LOS ANGELES (AP) -- Even a holiday gift from Uncle Sam couldn't brighten the homebuilders' outlook in December.
The National Association of Home Builders said Tuesday its housing market index fell by one point to 16 this month, reflecting concern that job losses and a slow economic recovery will continue to stifle demand for new homes despite the extension of a federal tax credit for buyers.
The latest reading is the lowest since June, when it fell to 15. This was also the first monthly decline since October.
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