Godlike Productions - Reply to Thread

Users Online Now: 1,845 (Who's On?)	Visitors Today: 828,657
Pageviews Today: 1,354,172	Threads Today: 532	Posts Today: 8,512
02:14 PM

REPLY TO THREAD

Subject New-Home Sales 50 Year Low

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message "Homebuilders have yet to see a turnaround in the housing market after the worst year for new-home sales in a half-century.

The National Association of Home Builders said Tuesday that its index of builder sentiment for February remained unchanged for the fourth straight month at 16. Any reading below 50 indicates negative sentiment about the market. The index hasn't been above that level since April 2006.

Homebuilders are struggling to compete with millions of foreclosures that are forcing home prices down. Last year was also the worst in more than a decade for sales of existing homes.

Weak home sales mean fewer jobs. Each new home built creates, on average, the equivalent of three jobs for a year and generates about $90,000 in taxes, according to the trade group."

[link to finance.yahoo.com]

Pictures (click to insert)





\| Next Page >>