Sentiment among the nation's home builders fell dramatically in February. Home Builder Confidence fell 10 points, according to the National Association of Home Builders' monthly sentiment index, from 56 to 46—the largest drop in the history of the survey, which started in 1985.
Fifty is the line between positive and negative sentiment. The index has not been below 50 since May.
All 3 components of the measure dipped in February. The measure gauging current sales conditions fell 11 points to 51, the component gauging sales expectations over the next six months fell six points to 54, and the component measuring buyer traffic dropped nine points to 31.
"Significant weather conditions across most of the country led to a decline in buyer traffic last month," said the association's chairman.
However, rising interest rate and uncertainties of Job market also have affected the confidence.
In this housing market, it is still hard to Sell Your House. Especially in local Brooklyn NY areas where a lot of foreclosure properties exist.
However, there is always a way to have your house sold quickly. As local Brooklyn Cash Investors, We Buy Houses "As Is" All CASH. We are looking for houses to buy in Bushwick, Bedstuy, Cypress Hills and the surrounding areas in Brooklyn.
For more details, please visit our main website from here (WeBuyHousesBrooklyn4Cash.com)
No comments:
Post a Comment