Builder Confidence Improves in October

“Builders are starting to see some flickers of interest among potential buyers, and are hopeful that this interest will translate to more sales in the coming months,” said NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. “However, because most builders still have no access to credit for building homes, there is a real concern that we will not be able to meet the pent-up demand when consumers are ready to get back in the market. This problem threatens to severely slow the housing and economic recovery.” www.housingeconomics.com