TITLE

NAHB builder confidence plummets; housing affordability tops four-year high

PUB. DATE
January 2009
SOURCE
Mortgage Banking;Jan2009, Vol. 69 Issue 4, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the status and confidence of housing builders in the U.S. Accordingly, the National Association of Home Builders (NAHB) reveals that the confidence among builders dropped during the third quarter wherein the NAHB/Wells Fargo Housing Market Index (HMI) descends by nine points, an indication of the poor sales condition of the housing. NAHB chairman Sandy Dunn reveals that the economic uncertainties and crisis situation have driven clients away from the housing market.
ACCESSION #
36112251

 

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