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Daily Real Estate News  |   February 16, 2010  |   Analyst Predicts Improvement in Home Building
Credit Suisse home-building analyst Dan Oppenheim predicts in a note to clients that 2010 will be a strong year for home builders, but also points out these threats to the business:
  • Expiring tax credits: Oppenheim writes, “Pulled-forward demand will likely lead to subsequent slowing starting in May. The concern is what happens after that.”
  • Rising mortgage rates.
  • Continuing foreclosures: “The continued supply of foreclosures will mute any improvement in demand,” Oppenheim wrote.
  • Tightened FHA standards: Oppenheim wrote that this would cut demand for new homes by 5 percent to 10 percent.
  • Unemployment: "People without jobs don’t buy homes," Oppenheim wrote.

Source: The Wall Street Journal, Dawn Wotapka (02/12/2010)

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