Wall Street Addict

Shares of homebuilders mostly fell in Wednesday morning trading after a report released by Standard & Poor's indicated October home prices fell by a record 6.7 percent from the same month a year ago.
Earlier in the day, S&P released its monthly Standard & Poor's/Case-Shiller home price index. It was the 10th consecutive month the index has declined, indicating the housing market is not showing any signs of breaking out of its current malaise.
"No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim," said Robert Shiller, who helped create the index, in a statement Wednesday.

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