Home builders lose confidence
Published: March 16,2010
LOS ANGELES — The National Association of Home Builders says its housing market index slipped in March, as harsh winter weather and competition from foreclosed properties hurt builders’ sales prospects.
The Washington-based trade association said Monday its index slipped two points to 15, back to its January level.
Readings below 50 indicate negative sentiment about the market. The last time the index was above 50 was in April 2006. The report reflects a survey of 477 residential developers nationwide.
The reading for current sales conditions also slipped two points to 15. The index measuring foot traffic from prospective buyers fell two points to 10, while the index for sales expectations over the next six months fell three points to 24.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Home builders lose confidence”
Top Posts & Pages
- DAVID DALLAS — Cannabis for the rest of us
- MARTY WISEMAN: The current racial strife and the failure to educate
- Planters Bank promotes at 3 locations
- BILL CRAWFORD: Boyce takes hot spot as IHL commissioner
- Source: Bryant has offered Glenn McCullough MDA job
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur