24
Jan
Southern California Home Builders
brokerforyou.com Bob Schwartz
Recently, the National Association of Homebuilders reported that its monthly survey of builder confidence for January had dropped one point to 15 on concerns over job losses and the many foreclosed homes competing for buyers.
The index reflects a survey of 504 residential developers nationwide. Index readings below 50 indicate negative sentiment about the market. A year ago, the confidence reading was at a record low of 8. During the boom years of the past decade, it was in the 70s.
