Industry News

Fitch sees more drastic cuts in new-home sales, starts

Excess supply, market psychology, tightened lending cited
Published on Jul 13, 2007

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by CareyBot

Excess supply, buyer psychology and tightened underwriting standards in subprime and Alt-A mortgage lending have analysts at Fitch Ratings more pessimistic about the prospects for new-home construction and sales in 2007. In their latest “Chalk Line” quarterly report on new-home ...