Posted by: union03g | March 15, 2010

ChartFest – Homebuilders Still Feeling Pain

From Inman News:

“Builder confidence slunk back to January levels this month, according to a report released today by the National Association of Home Builders.

The NAHB/Wells Fargo Housing Market Index for March dropped two points to 15, down from 17 in February, the report said.

“The lack of available credit for new projects, the large number of distressed properties for sale and the continuing hesitancy of potential buyers due to the weak job market are definitely weighing on builder confidence at this time,” said David Crowe, the association’s chief economist.

“That said, the inventory of new homes on the market is at an extremely low level, and we do expect a 25 percent improvement in new-home construction in 2010 over 2009 to rebuild inventory and meet expected pent-up demand.”

The impact of poor weather conditions on builders’ business was also a factor, the association said.”

Advertisements

Responses

  1. All new construction is built to Energy Star standards which include energy-efficient building techniques and features such as more effective insulation, high-performance windows, tight construction, more efficient heating and cooling equipment, and Energy Star rated lighting fixtures and appliances


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: