Home Builders Seen Culling Back On Land Purchase in 2007

January 2007
National Mortgage News;1/1/2007, Vol. 31 Issue 14, p6
Trade Publication
The article reports on the expectation of Fitch Ratings Inc. that the homebuilding industry will reduce land purchases during the fourth quarter of 2006 and into 2007. Fitch managing director and homebuilding analyst Robert Curran disclosed such a view during a conference call for the U.S. Homebuilding 2007 Outlook, adding that it should lead to improved free cashflow comparisons and better liquidity.


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