Housing Giants - October 24, 2008 - (Page 8) news & Moves Bailout Doesn’t Clear Uncertainty in the Market By Sheree R. Curry, Contributing Editor The outlook for the housing market remains grim and uncertain, say experts, despite the Oct. 3 passage of the Emergency Economic Stabilization Act of 2008, also known as the $750 billion bailout. Builders, however, seem optimistic. Although the bottom-line objective of the bailout, as it pertains to the housing industry, is to help stabilize the banking system so that it will ease up tightening restrictions on loans, it is still unknown exactly how the U.S. Department of the Treasury will do that, says David Seiders of the National Association of Home Builders. There are just so many variables at play that even forecasters are full of “what if” scenarios. Fitch Ratings, in its report, “U.S. Homebuilding: The Chalk Line – Quarterly Update: Fall 2008” released this week, shows its uncertainty about the market as it offers several scenarios. In the report’s first scenario, total and single-family housing starts are projected to decline 7.3 percent and 6.2 percent, respectively, in 2009. New home sales are forecast to rise about 5 percent. Fitch assigned a 40 percent probability to that scenario. The second scenario, which has a 60 percent probability, estimates total starts are down 12.5 percent in 2009 as single-family starts fall 10.8 percent. New home sales are projected to decrease HOUSING GIANTS.10.24.08 www.HOUSINGGIANTS.cOm http://www.fitchratings.com http://www.housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - October 24, 2008 Housing Giants - October 24, 2008 Contents Viewpoint News & Moves Sell Private Equity Housing Giants - October 24, 2008 Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page Cover1) Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page Cover2) Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page 3) Housing Giants - October 24, 2008 - Housing Giants - October 24, 2008 (Page 4) Housing Giants - October 24, 2008 - Contents (Page 5) Housing Giants - October 24, 2008 - Viewpoint (Page 6) Housing Giants - October 24, 2008 - Viewpoint (Page 7) Housing Giants - October 24, 2008 - News & Moves (Page 8) Housing Giants - October 24, 2008 - News & Moves (Page 9) Housing Giants - October 24, 2008 - News & Moves (Page 10) Housing Giants - October 24, 2008 - News & Moves (Page 11) Housing Giants - October 24, 2008 - News & Moves (Page 12) Housing Giants - October 24, 2008 - News & Moves (Page 13) Housing Giants - October 24, 2008 - Sell (Page 14) Housing Giants - October 24, 2008 - Sell (Page 15) Housing Giants - October 24, 2008 - Sell (Page 16) Housing Giants - October 24, 2008 - Sell (Page 17) Housing Giants - October 24, 2008 - Private Equity (Page 18) Housing Giants - October 24, 2008 - Private Equity (Page 19) Housing Giants - October 24, 2008 - Private Equity (Page 20) Housing Giants - October 24, 2008 - Private Equity (Page 21) Housing Giants - October 24, 2008 - Private Equity (Page 22) Housing Giants - October 24, 2008 - Private Equity (Page 23) Housing Giants - October 24, 2008 - Private Equity (Page 24)
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