Economist predictions from International Builders Show
The International Builder's Show took place this week in Orlando. Economists at the show spoke about predictions that residential building nationwide would continue dropping through out 2009, but put a ray of light out there as well...lower home prices will help correct the current housing decline.
David Seders, NAHB's Chief Economist, told those attending the conference that single family home starts could decline on into 2008, but lower home prices is part of the long-term solution. Reduced prices will spur sales and increase demand for new homes and residential building.
Another positive note was from the Chief Economist for Freddie Mac. In summary, he said the Fed Reserve interest rate cuts and the economic stimulus plans are both positive. It will take a little while for the impact to boost the economy, but lower interest rates will help home buyers make housing purchases.
Barrier sees the demand for multifamily housing to continue. The demand for afforable housing for first-time home buyers and maintenance free-living opportunities for baby boomers downsizing remains strong. The over supply in inventory continues to slowly deplete and we've seen new projects begin the construction phase again. Lower interest rates, combined with the proposed government economic stimulus plans, can only help those financially responsible folks who have been on the fence about homeownership take the leap.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulated panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED, control room, electrical panel backer board, SIPs
David Seders, NAHB's Chief Economist, told those attending the conference that single family home starts could decline on into 2008, but lower home prices is part of the long-term solution. Reduced prices will spur sales and increase demand for new homes and residential building.
Another positive note was from the Chief Economist for Freddie Mac. In summary, he said the Fed Reserve interest rate cuts and the economic stimulus plans are both positive. It will take a little while for the impact to boost the economy, but lower interest rates will help home buyers make housing purchases.
Barrier sees the demand for multifamily housing to continue. The demand for afforable housing for first-time home buyers and maintenance free-living opportunities for baby boomers downsizing remains strong. The over supply in inventory continues to slowly deplete and we've seen new projects begin the construction phase again. Lower interest rates, combined with the proposed government economic stimulus plans, can only help those financially responsible folks who have been on the fence about homeownership take the leap.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulated panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED, control room, electrical panel backer board, SIPs
posted by Barrier at 10:58 AM
0 Comments:
Post a Comment
<< Home