Items Tagged with 'David Seiders'

ARTICLES

  • Home Builder Confidence Sets Record Low in October

    So much for a a little budding optimism among the builders, and we can thank the resurgence of a credit crisis that won't seemingly go away for that. The National Association of Home Builders and Wells Fargo & Co. [stock WFC][/stock] said on Thursday that their joint survey of home builder confidence set a new record low in October after having edged up slightly in the previous month.
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  • Single-Family Starts Skid to 17-Year Low

    Single-family home builders continued to put the brakes on new construction in June, according to the latest data released by the Commerce Department on Thursday. Starts of new single-family homes declined 5.3 percent to a seasonally-adjusted annual rate of 647,000 units during last month -- the slowest pace in 17 years, and a decline of 64.5 percent from the peak of the building boom in January of 2006.
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  • Home Builders Gloomier than Ever

    The realization that any bottom in housing is going to take even longer to reach into new homes is apparently sinking in at many of the nation's key new home builders, according to the latest survey from Wells Fargo & Co. [stock WFC][/stock] and the National Association of Home Builders.
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  • Worth looking back on

    As the housing crisis spins onward, we thought HW readers might enjoy a blast from the past -- 2004, to be exact. That's the year the now-defunct Homeownership Alliance put out a report titled "America’s Home Forecast: The Next Decade for Housing and Mortgage Finance." The authors include none other than David Berson, David Lereah, Paul Merski, Frank Nothaft, and David Seiders; it's certainly amusing now to think about the fact that the NAR and Fannie and Freddie were once much more closely aligned than they are today.
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  • Builder Confidence Unchanged in March, Remains Near Historic Low

    Builder confidence in the market for new single-family homes remained unchanged in March, hovering near an all-time low as the market continues to wait for a turnaround. The latest NAHB/Wells Fargo Housing Market Index, released Monday, held firm at 20 -- near its historic low of 18 set in December of 2007. Despite sagging builder confidence, the president of the National Association of Home Builders suggested there might be more confidence in the market than the survey suggested.
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  • NAHB: Housing Will Bottom in 2008

    The National Association of Home Builders went out on a limb late last week and called a bottom for housing in 2008, with NAHB chief economist David Seiders saying he expects to see a "modest recovery" for most U.S. housing markets in 2008. From the press statement: With the housing sector facing a large backlog of unsold inventory, Seiders said that starts and permits won't begin to move forward until sales firm up.
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  • Housing Starts Drop 14.3 Percent; Builders 'Repositioning'

    Total housing starts declined 14.3 percent in January as builders worked down their inventories of unsold homes, according to figures released by the Commerce Department late last week. The pace of construction for the month slowed to seasonally adjusted annual rate of 1.408 million units, 37.8 percent below the January 2006 pace. “Builders are doing what they should be doing in the market today,� said Brian Catalde, president of the National Association of Home Builders and a home builder from Playa del Rey, Calif.
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