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Homebuilder Sentiment At A 15 Year Low

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Home builders index falls to 15-year low in July
Last Update: 1:15 PM ET Jul 18, 2006
WASHINGTON (MarketWatch) - Home builders' confidence plunged to a 15-year low in July, reflecting growing worries about rising interest rates and declining affordability, the National Association of Home Builders said Tuesday. The NAHB/Wells Fargo housing market index fell three more points to 39 in July, the lowest since December 1991.
The index peaked at 72 last June
and has fallen in 11 months since then.

Why are the builders accepting the inevitable?

1. Affordability maxed out and debt levels cannot be stretched further

2. IR are going up

3. Recession beckons

4. The cycle is changing

Whereas in the UK:

1. Houses are not-unafforable as credit limits bears no relationship to ability to repay in a Miracle Economy

2. IR are going nowhere as long as Gordon is in charge

3. Recessions have been eliminated-- Gordon promised no more boom and bust cycle.

4. With no bust side to the boom things only get better, recessions don't happen in miracle economies

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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