Dec 27, 2007

Home builders expect real estate recovery to begin in the second half of 2008

The National Association of Home Builders (NAHB) during their year end teleconference has stated they expect 2008 to be the beginning of the housing recovery.

“I think the best bet is that 2008 is the year we will be looking at the bottom for various components of the housing market,” said NAHB Chief Economist David Seiders.

The NAHB believe the work of Congress and the Administration will help with the recovery.

For the complete press release you can visit the Home Builders news release.

No comments: