Builders See A Recovery Coming in '10

Harmon, Jennifer
October 2009
National Mortgage News;10/26/2009, Vol. 34 Issue 6, p1
Trade Publication
The article reports on the forecast of the Fitch Ratings, an international credit rating agency on the U.S. economy in 2010. The agency predicts a stronger economy through a real Gross Domestic Product (GDP) growth of 1.8 per cent and the expansion of consumer and government expenditure. Fitch building analyst Robert Curran also noted that inventories of new homes are expected to gradually decline while delinquency rates on mortgages are projected to rise.


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