Survey Says Builders’ Expectations for New Home Construction Flat

The National Association of Home Builders (NAHB) says builders’ confidence in the market for new single-family dwellings has not changed in six of the last seven months, according to the NAHB/Wells Fargo Housing Market Index (HMI).  Said NAHB Chief Economist David Crowe, “Asked to identify reasons that potential customers are holding back at this time, 90 percent of builders surveyed said clients are concerned about being able to sell their existing home at a favorable price, while 73 percent said consumers think it will be difficult for them to get financing.  Clearly, access to credit for both builders and buyers remains a considerable obstacle to the revival of the new-homes market.”  The survey has been ongoing for the past 20 years.


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