REALTOR.org ran a news article on the 16th with the headline “Analyst Predicts Improvement in Home Building” which appears to be positive news. But then the article goes on to list several factors that may impact the degree to which new home construction will recover.
- The tax credits will soon come to an end removing this inducement for buyers.
- Mortgage rates are expected to go up.
- More foreclosures (see yesterday’s article “Continued Pressure On Home Sales”).
- FHA has tightened their requirements (see our post “FHA Changes Rules”).
- Timing of recovery of the jobs market.
So tell me what you think; will new home construction recover? Give your opinion by clicking on “comments” below.
Don Grafues
Resource: REALTOR.org
Resource: REALTOR.org
