Industry News

Subprime fallout hurts home builders

Report cites impact of mortgage market tightening on sales, cancellations
Published on Jul 11, 2007

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by CareyBot

The housing market continues to deteriorate, and subprime-related tightening in the mortgage market is among the contributors, the National Association of Home Builders announced in a forecast report Tuesday. “Most housing indicators show ongoing deterioration of market conditions through all ...