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U.S. homebuilders have their fingers crossed as experts predict that 2019 will see weaker demand for homes.
Demand for new homes is softening thanks to the Feds interest rate hikes over the past few months. As a result, confidence among U.S. homebuilders has plummeted to the lowest level since 2015.
Homebuilders have been forced to cut prices in attempt to lure new homebuyers.
“Sales of new and existing homes and new home construction continue to come in below expectations, and most of the leading indicators show the trend is likely to continue and perhaps intensify,’’ Wells Fargo analysts forecast.
Of course, such a slowdown is good news for the Single Family Rental market.
Read on HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.