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Home Builder Confidence Is Down And Permitting Appears To Reflect It
By admin | May 22, 2007
NAHB's chief economist David Seiders said, "The pattern of building permits clearly shows that the dramatic downward correction in housing production still is underway. Home buyer demand has been sent into another down leg by the abrupt tightening of mortgage lending standards, and there is an increasingly heavy supply of vacant housing units on the market. Under these conditions..."
Topics: Mortgage News |