Tagged : homebuilding

Found 3 blog entries tagged as "homebuilding".

money.msn.com - Prices are up and inventories down – good news for the larger economy.

The housing industry finds itself on a much better footing this year: Prices are up, inventories are down, and signs abound that a recovery is firmly under way. This is good news for the economy as a whole at a time when other stalwarts of the recovery, such as exports and government spending, have started to tail off. Increased home sales put more people to work and feed an upward spiral of income, spending and employment in the real-estate and homebuilding industries. Makers and sellers of appliances, furniture and carpets, plus nurseries, landscapers and others also benefit.

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cnnmoney.com -Just over half of economists surveyed by CNNMoney identified a housing recovery as the primary driver of economic growth this year. The rest were split fairly evenly between consumer spending, increased domestic energy production and stimulus from theFederal Reserve as major growth drivers.

"Homebuilding activity will likely remain the strongest growing component of the economy in 2013," said Keith Hembre, chief economist of Nuveen Asset Management. "After several years of excess supply, demand and supply conditions are now in much better balance."

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U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. (GS) said in a report today.

Housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes, Goldman Sachs analysts Joshua Pollard and Anto Savarirajan wrote in a note to clients. They raised their rating on the homebuilding industry to attractive from neutral.

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