Affordability has diminished somewhat due to higher home prices and interest rates and potential buyers are still in the process of psychologically adjusting. However, the latest economic and housing statistics are generally encouraging. Most housing metrics should increase for the full year of 2014 due to faster economic growth in the last three quarters of the year, and some acceleration in job growth. This despite somewhat higher interest rates and more measured home price inflation.
Fitch will be discussing this and other market and competitive trends during its quarterly housing and homebuilder conference call, to take place tomorrow morning at
The focus of the conference call will be to discuss first quarter 2014 (1Q'14) and more recent housing data, as well as Fitch's recently tempered outlook for the U.S. housing sector and expectations for public homebuilders. Managing Director and lead Homebuilding Analyst
Following are details of the teleconference:
--Conference ID: 76185655
--Replay ID: 76185655
The conference call follows the release of Fitch's 'U.S. Homebuilding: The Chalk Line - Quarterly Update: Summer 2014', which is available at 'www.fitchratings.com' or by clicking on the link at the end of the press release.
Additional information is available at 'www.fitchratings.com'
U.S. Homebuilding/Construction: The Chalk Line (Summer 2014)
Source: Fitch Ratings
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