Excerpt from the National Association of Home Builder’s Seider’s Report
by Tom on July 10, 2007
in Uncategorized
“The housing downswing has been underway for roughly two years and most indicators point toward further deterioration. A nationwide survey of more than 400 single-family builders, conducted by NAHB in June, sought to gauge market momentum at mid-year and to identify builders’ production plans for the second half of 2007. The survey highlighted the adverse impacts of the subprime mortgage crisis on sales and cancellations and reinforced our judgment that housing starts will decline moderately in the second half of the year.”
