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November 30, 2004
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How are new home sales likely to fare in 2005? According to economists at the National Association of Home Builders' Construction Forecast in October, single-family production will set another record next year. However, says David Seiders, NAHB's chief economist, "activity will flatten in 2005," as it is in the process of "topping out."
Regionally, said Stanley Duobinis, founder of Crystal Ball Economics, home builders can expect to do well next year in Nevada, Florida, Georgia, South Carolina, North Carolina, Arizona, Utah, Colorado, Minnesota, and Delaware. To view the entire conference, see
www.ishow.com/nahb.asp and select Launch Presentation.
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