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
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- Brandon man hauls in record 756-pound alligator
- Is cotton looking too good? Farmers facing weaker prices
- Woman found guilty of murder in buttocks injection case
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- Healthcare Marketplace to look much the same in 2015