Monday, May 08, 2006

National Association of Home Builders (NAHB) predicts "soft landing"

Citing "rising interest rates, affordability issues and a reduced role for investors/speculators", the NAHB is predicting a softening in the demand for housing.

As you may know, Wednesday is the day that the Federal Reserve meeting. The NAHB is predicting "Economists agreed that the Fed will raise its benchmark short-term rate to 5 percent at its May 10 meeting, which would be the 16th consecutive quarter-percentage point increase since the Fed started lifting it from 1 percent in June of 2004."

To read more: NAHB predicts soft landing

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