homebuilders

More encouraging news on the housing front, as the National Association of Home Builders Housing Market Index -- boosted by the federal homebuyer tax credit -- unexpectedly rose to 17 in February from 15 in January -- the first gain in five months for the index. This measure gathers builders' perceptions of current single-family sales, sales expectations for the next six months and traffic of prospective buyers. Readings over 50 indicate that more builders view sales conditions as good than poor.

Jan. 21 (Bloomberg) -- More than 40 U.S. homebuilders have teamed up with private equity firms to acquire and complete unfinished subdivisions as banks cut construction lending.

The Home Builder Association will aggressively move in 2010 with its 4 strategic policies including a policy to increase total home building market value to 12 billion Baht (a 10% growth YoY); consumer oriented policy; members’ capability development policy; and CSR related policy. The Association also reveals it will focus more on direct communication with the consumers; speed up its development of a sound database system; and innovate more appealing products and services for the consumers. With the said policy framework, the Association will start its 1Q with the staging of the Home Builder Focus 2010, whose on-site target is set at 500 million Baht.