Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (46567)	2/15/2011 3:44:27 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70692

Homebuilders have grim view of housing market Hoping for a rebound in 2011, homebuilders outlook grim and worse in Midwest and West Weak sales mean fewer jobs. Each new home built creates, on average, the equivalent of three jobs for a year and generates about $90,000 in taxes, according to the trade group. "Builders are telling us that some pockets of optimism have begun to emerge, but many prospective purchasers are concerned about selling their existing home in the current market," said David Crowe, the home builders group's chief economist. High unemployment, tighter bank lending standards and uncertainty about home prices have also kept many people from buying homes. Mortgage rates had been at the lowest levels in decades, but have since started to rise. The housing market is expected to show some signs of life this year but the recovery will likely be uneven. The latest regional data showed builders are becoming more optimistic in the Northeast and South and more grim in the Midwest and West. And while hopes for improved single-family sales now and over the next six months improved, the amount of foot traffic by prospective buyers remained flat. . . . finance.yahoo.com