Construction loan debt is typically variable and tied to the prime rate, so the big drop in interest rates during the past year has benefited many builders and developers.
Money magazine is a pretty good gauge of the overall climate on Wall Street. So what, according to its December issue, is today’s best stock value? In an article titled “The Rock,” it is none other than the housing industry’s financial partner, F
Fannie Mae economist David Berson concedes that the U.S. economy is in a recession but says it likely will be short and that the recovery, by the second half of 2002, should be strong.
On a dusty pull-down menu of my Web browser, I recently came across a link I had not viewed in a while -- an online portfolio of home builder stocks I had set up months ago.
This steady diet of news about an economy gone soft has created a case of national nervousness that has some predicting, as Chicken Little once did, “the sky is falling!”
Seeing signs that high consumer confidence, high job growth and increasing wages will spur continued strength in the home building industry next year, D.R. Horton chief executive Don Tomnitz, also thinks a softening stock market may actually help build..