Chairman of the U World steel pipe network editing .S. National Association of Home Builders, said Barry · Lutengbeige, builders noted that the purchase will enhance the potential buyers, but are still waiting for the contract volume increased more clear signal.
U.S. National Association of Home Builders (NAHB's) data show that 16 of Home Builders confidence index in April from the previous month fell from 3:00 to 25, suffered the first decline since 7 months.
David Crowe, chief economist of the Association of Home Builders confidence index fell to reflect tight credit, and foreclosure real estate backlog of issues such as the real estate market recovery continued threat.
That same month, the sub-indicators fell. To measure the index of homebuilders for the current sales decline 3:00 to 26; measure the index of the next six months, sales are expected to decline from 3:00 to 32; measure of potential buyers decline in the the showings number of index by 4:00 to 18.
The data show that in April the United States of Home Builders confidence index fell to the level in January of this year, means the road to recovery of the real estate market is still twists and turns.
In general, builders confidence index reading above 50 indicates that the majority of builders optimistic about the prospects for housing sales, less than 50 means that the majority of builders bearish market prospects. Since April 2006, the index has been below the 50 threshold line.
Since the bubble burst in early 2006, the U.S World Steel Pipe News . real estate market has been in the process of adjustment. Despite the recent U.S. housing market showed signs of recovery, but economists believe the U.S. housing market is completely out of the crisis still a few years.