Observer expects housing slump to continue

Smith, Hubble
January 2009
Las Vegas Business Press (10712186);1/26/2009, Vol. 26 Issue 4, pP15
The article reports on forecasts by analyst Dennis Smith of Home Builders Research for the housing industry in Las Vegas, Nevada. In his 2009 Housing Outlook, Smith expects the number of new-home sales to fall from 8,994 in 2008 to 6,500 in 2009 before increasing to 7,250 in 2010 and 8,500 in 2011. He also predicts new-home permits to gall further to about 5,000 in 2009 from 6,110 in 2008.


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