Thursday, September 23, 2010

Builder Optimism Cautious and Holding Steady

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today, builder confidence in the market for newly built, single-family homes held unchanged in September.  "In general, builders haven't seen any reason for improved optimism in market conditions over the past month," noted NAHB Chairman Bob Jones.

"The stall in the nation's housing market continues," agreed NAHB Chief Economist David Crowe. "Builders report that the two leading obstacles to new-home sales right now are consumer reluctance in the face of the poor job market and the large number of foreclosed properties for sale. However, we do expect that moderate improvement in the job market will help boost consumer confidence and improve conditions for new-home sales in this year's final quarter."

I can help you get into a new home here in Hamilton and other Mercer County townships.  I know the builders and the developments in New Jersey.  Call or email me so you can get that new home with good buyer incentives.

Joe Giancarli, SA
Real Estate Advisor

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