Builders brimming with confidence
May 3, 2004,
Builder confidence in the market for new single-family homes rose sharply during early April, according to the National Association of Home Builders, helped by low interest rates and strong housing prices.
"Favorable interest rates and strong home-price appreciation definitely are still driving demand in today's housing market," said Bobby Rayburn, president of the National Association of Home Builders.
David Seiders, chief economist of the builders' trade group, commented. "We expect the demand for single-family homes to remain quite strong in coming months, despite the rise in long-term mortgage rates, as growth in employment and household income accelerates. Indeed, the economic land demographic foundations for housing are very solid, supporting both home sales and house prices. Theories of house price 'bubbles' are bound to be discredited in the process."
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...