Ceramic Industry Blog


Housing Market is no "Field of Dreams"

August 21, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

Kevin Costner got by quite nicely with the “If you build it, they will come” concept in the 1989 movie Field of Dreams. Not so with the current housing market. Recent statistics released by the U.S. Commerce Department show that the rate of single-family home starts dropped to 3% in July, the lowest in over 17 years.

The National Association of Home Builders (NAHB, www.nahb.org) is a cup-half-full organization, though, and they’re focusing on the good news: “Though some may be inclined to focus only on the negative angle of this report, three is definitely a bright side,” said Sandy Dunn, NAHB president. “The actions that home builders are taking right now to keep a lid on new production are slowly but surely helping to bring supply and demand back into balance and put us on the road to a much healthier housing market.”

“The single-family numbers in this report are very much in sync with what home builders have been saying in our latest surveys,” said David Seiders, chief economist for the NAHB. “While there is definitely a sense that we are nearing the bottom of the downswing in home sales, builders are not ready to start ratcheting up production just yet – nor should they be, until after sales begin to rebound and the inventory overhang is reduced further. We anticipate that the new first-time home buyer tax credit will help bring about that rebound, and NAHB’s forecast projects that the ongoing contraction in housing starts will end in the first quarter of 2009.”
You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px