gipa69
collegio dei patafisici
US NAHB Oct Housing Index 18 Vs 20 In Sep
Tue, Oct 16 2007, 17:00 GMT
http://www.djnewswires.com/eu
US NAHB Oct Housing Index 18 Vs 20 In Sep
By Jeff Bater
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The confidence of U.S. home builders has been shaken to its lowest point since records began 22 years ago, a housing trade group said Tuesday.
The National Association of Home Builders' index for sales of new, single-family homes decreased to 18 this month from 20 in September. Builders are worried about mortgage market problems and bloated inventory.
The reading was the lowest since the series began in January 1985, the NAHB said.
"Builders in the field are reporting that, while their special sales incentives are attracting interest among consumers, many potential buyers are either holding out for even better deals or hesitating due to concerns about negative and confusing media reports on home values," said NAHB President Brian Catalde, a home builder from El Segundo, Calif.
NAHB chief economist David Seiders said many prospective buyers may have unrealistic expectations regarding new-home prices as well as how much they can expect to receive for their existing homes.
Within the NAHB's housing market index, the component for present sales of single-family homes slid to 18 in October from 20 in September.
The traffic of prospective buyers fell to 15 from 17.
Expectations for sales in the next six months held steady at 26, the NAHB said. "Builders believe they are taking the right steps to reduce inventories and position themselves for the market recovery that lies ahead," Seiders said. "Indeed, NAHB's housing forecast indicates that home sales should stabilize within the next six months and show significant improvement during the second half of next year."
The index in October was based on a survey of 362 home builders, who answer questions about sales prospects now and in the near term. When the Housing Market Index exceeds 50, it means the number of builders who see "good" sales outnumber the number who see "poor" sales. The numbers used in compiling the index are adjusted for seasonal variations.
-By Jeff Bater, Dow Jones Newswires; (202) 862-9249; [email protected]
(END) Dow Jones Newswires
October 16, 2007 13:00 ET (17:00 GMT)
Tue, Oct 16 2007, 17:00 GMT
http://www.djnewswires.com/eu
US NAHB Oct Housing Index 18 Vs 20 In Sep
By Jeff Bater
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The confidence of U.S. home builders has been shaken to its lowest point since records began 22 years ago, a housing trade group said Tuesday.
The National Association of Home Builders' index for sales of new, single-family homes decreased to 18 this month from 20 in September. Builders are worried about mortgage market problems and bloated inventory.
The reading was the lowest since the series began in January 1985, the NAHB said.
"Builders in the field are reporting that, while their special sales incentives are attracting interest among consumers, many potential buyers are either holding out for even better deals or hesitating due to concerns about negative and confusing media reports on home values," said NAHB President Brian Catalde, a home builder from El Segundo, Calif.
NAHB chief economist David Seiders said many prospective buyers may have unrealistic expectations regarding new-home prices as well as how much they can expect to receive for their existing homes.
Within the NAHB's housing market index, the component for present sales of single-family homes slid to 18 in October from 20 in September.
The traffic of prospective buyers fell to 15 from 17.
Expectations for sales in the next six months held steady at 26, the NAHB said. "Builders believe they are taking the right steps to reduce inventories and position themselves for the market recovery that lies ahead," Seiders said. "Indeed, NAHB's housing forecast indicates that home sales should stabilize within the next six months and show significant improvement during the second half of next year."
The index in October was based on a survey of 362 home builders, who answer questions about sales prospects now and in the near term. When the Housing Market Index exceeds 50, it means the number of builders who see "good" sales outnumber the number who see "poor" sales. The numbers used in compiling the index are adjusted for seasonal variations.
-By Jeff Bater, Dow Jones Newswires; (202) 862-9249; [email protected]
(END) Dow Jones Newswires
October 16, 2007 13:00 ET (17:00 GMT)
. 
