Tuesday, Aug 15, 2006

US house market 'at 15-year low'

BBC News: US house market 'at 15-year low'

Optimism among US house builders has fallen to its lowest level in 15 years, the latest sign that a once booming market has now slowed sharply.

Posted by rod, jane and freddy @ 10:06 PM (494 views)
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3 Comments

1. sirgoogle said...

Note that the 'Group Think' on an HPC has taken hold in the US : "He added that home buyers are "adopting a 'wait-and-see' attitude because of uncertainty about where the housing market is headed".

This makes it more likely

Any signs of similar 'Group Think' in UK (follow the herd...) ??

Wednesday, August 16, 2006 06:29AM Report Comment
 

2. bidin'matime said...

It's this 'wait and see' attitude that will simply turn off the tap and make it a self-fulfilling prophecy, creating a snow-balling collapse of the market.

Wednesday, August 16, 2006 01:18PM Report Comment
 

3. inbreda said...

Exactly, once the neu property developers realise that they can't sell their laminate flooring boxes, or at least make a profit on them, everything will start to slip into reverse.

Wednesday, August 16, 2006 01:51PM Report Comment
 

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