NAHB – The voice of America’s Housing Industry
November 30th, 2006 at 11:06 am (MSH News)
The revised housing growth for the third quarter of 2.2% from the previous estimate of 1.6%, qualifies as a sub-par performance, the fourth quatrer’s estimate is 2.4%.
This is promising NEWS, check out the following here;
1) Financial markets provide favourable environment for housing going forward
2) Home sales are stabilizing
3) Inventory overhangs, remain heavy
4) Home prices remain under downward pressure
5) Inventory and price trends, prompt builders to slow down