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”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- Margaritaville owner files for bankruptcy before landlord hearing
- Delta Council says condition of Highway 6 'of crisis dimensions'
- Severstal completes the sale of Columbus plant to Steel Dynamics
- Another marker going up on Mississippi Country Music Trail
- Researchers fly drone into hurricane for the first time
- House votes for transfer of Yellow Creek Port land to state
- City leaders vote against offering insurance to one adult, possibly same-sex partner