Homebuilders Still Hampered by Appraisal Inaccuracies and Lack of Financing Options

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Posted To: MND NewsWire

The nation's homebuilders are still seeing a lot of dark tunnel ahead judging by their responses in the most recent survey of attitudes about the home sales market conducted by the National Association of Homebuilders (NAHB). According to results of the survey the NAHB/Wells Fargo Housing Market Index (HMI) released Tuesday remained stuck at 16 for the fourth consecutive month. The survey, which has been conducted for over 20 years, measures the confidence of homebuilders using three criteria; builder expectations of current single-family home sales and their expectations for sales over the next six months, each measured as "good," "fair" or "poor;" and their perceptions of prospective buyer traffic as "high to very high," "average" or "low to very low." Scores from each component are then...(read more)

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Source: www.mortgagenewsdaily.com

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