Excerpt from: Ski Resort Market Trends and Statistics
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| May 19, 2009 | | Even so, homebuilders are optimistic | Housing starts are at an all-time low right now. Starts are down 54.2% in the last year, according to the National Association of Home Builders. However, that is not to say that there is pessimism. On the contrary, home builders are showing increased confidence. MSN Money Central reports on the reasons behind the optimism felt by home builders:
On Monday, the National Association of Home Builders said its index of
homebuilder sentiment rose to an eight-month high. The builders are
optimistic about the U.S. government's efforts to address the housing
crisis -- the government has allocated billions of dollars to modify
troubled mortgages and to help homeowners refinance into new loans even
if their homes are worth less than they owe.
With signs showing that the housing market -- and the economy -- might be on the way to recovery, it is little surprise that things are looking up. And government encouragement should continue to help home builders.
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