Found this article and don't want it to be confusing to any readers, that's why I titled it what I did....The Consumers Confidence is UP UP UP....for finding better prices and deals right now.....
Unfortunately, partly because of this and the state of the economy, job losses, etc....This makes the Builder Confidence Drop.... :(
This is a great time to buy for you.....
on with the article....
Builder confidence for new single-family homes slipped to a record low of 18, reflecting little change across the home-building industry, which is attempting to clear unsold inventories amidst a slow market and weakened economy, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index."Clearly, conditions in the housing market remain very weak, and our builder members are not seeing any signs of improvement," said NAHB Chief Economist David Seiders. "Indeed, the continuing erosion of employment and consumer confidence/sentiment, coupled with surging energy costs, falling house prices, and rising home mortgage foreclosures, pose considerable downside risks to the economy and our housing forecast."
**Taken from the California Association of Realtors Bulletin, dated June 18th, 2008.
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