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What Goes Down; American Homebuilders
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8743 (Jul. 2011)
,
page 57-58.
Topik:
Home Building
;
America
;
Industry
;
Economic Conditions
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.67
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The homebuilding industry has endured a horrible five years. Housing starts rallied a little in June but are still at historic lows. Prices continue to fall, although there is huge variation between regions. The overall S&P 500 index is above its mark of five years ago; the homebuilders index is 60% below. Prices have dipped below fair value, according to The Economist's price-to-rents ratio. Homes are now affordable. The rate of household formation, suppressed for years as people have put off renting or buying their own homes, will bounce back. Rental markets are tightening and builders are already talking about inflection points. Not long ago there was no light at the end of the tunnel, says Vince Foley of Barclays Capital. Now there's light, it's just that the tunnel is very long.
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