TITLE

Home Builders Seen Culling Back On Land Purchase in 2007

PUB. DATE
January 2007
SOURCE
National Mortgage News;1/1/2007, Vol. 31 Issue 14, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
23620813

 

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