The worsening housing recession and rising energy costs are real. U.S. stocks are falling extending the market’s biggest weekly retreat since February, on concern a worsening housing recession and rising energy costs will prolong the slump in corporate profits.
The homebuilders in S&P indexes to a sixth- straight decline after the National Association of Realtors said sales of existing homes declined 1 percent to an annual rate of 4.89 million from 4.94 million in March. The median price dropped…
