Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

NAHB: Consumers Hold Back on Home Buying Because Congress Delays Difficult Decisions
Dec 2, 2013
 Printable format
 Email this Article
 Search

Builder confidence in the market for new single-family homes was unchanged in November from a downwardly revised level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This indicates that, for the sixth consecutive month, more builders see market conditions as good than poor.

"Given the current interest rate and pricing environment, consumers continue to show interest in purchasing new homes, but are holding back because Congress keeps pushing critical decisions on budget, tax and government spending issues down the road," said NAHB Chairman Rick Judson.

"Policy and economic uncertainty is undermining consumer confidence," said NAHB Chief Economist David Crowe. "The fact that builder confidence remains above 50 is an encouraging sign, considering the unresolved debt and federal budget issues cause builders and consumers to remain on the sideline."

The November HMI gauge of current sales conditions was unchanged at 58. The gauge of expected future sales was down a point to 60. The gauge of prospective buyer traffic was down a point to 42.

Back to Daily News

 

Daily News

...........................................................

Oct 29, 2014: Canadian HVAC/R wholesaler sales up 5.3% so far in 2014

Oct 29, 2014: Russian steel agreement revoked

Oct 29, 2014: September 2014 Housing Starts in Canada

Oct 28, 2014: HVAC/R contractors remain optimistic about short-term growth

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows