Industry NewsMarkets & Economy

Homebuilder confidence up but still low

Construction loans for builders, mortgage tightening top concerns
Published on Oct 18, 2010

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by CareyBot

An index measuring homebuilder conference rose for the first time in five months during October, but showed the vast majority of builders view the current level of sales as poor.

Although more builders are expecting sales to pick up in the next six months, they remain in the minority, and traffic from prospective buyers remains low.