Activity in the housing market in the U.S. falls on the background of uncertainty





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20.07.2010 09:37
Property News | Activity in the housing market in the U.S. falls on the background of uncertainty U.S. housing market probably took another step back in June against decrease in construction and purchases. Builders started work on 580 thousand houses in the first month of summer, which is 2.2% below the level of May and the lowest rate of early this year.

Other reports may show that sales in the secondary housing market fell a second month in a row. End of the tax credit for home buyers has led to a retreat in the market. Financial crisis caused by the debt crisis in the euro area, has shaken confidence in the world's largest economy, increasing the risk that costs and employment will slow down.

"At least we are moving to the uneven and possibly the duration of the period of slow growth", - said Julia Coronado, senior economist at BNP Paribas in New York. - "There is great uncertainty, that if such a situation would be to wait for housing sektor.Teper we live in a world" after the credits, sovreshenno unclear how strong demand for housing. "

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Content tags: Overseas property Housing
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