U.S. homebuilders are expected to report a sharp rebound in sales and orders for the second quarter as record-low mortgage rates and the working-from-home changes brought on by the coronavirus encourage more Americans to move to less crowded suburbs.
FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson
A quarter ago most homebuilders were pulling their annual forecasts and bracing for a huge fall in orders due to mounting cancellations in the face of historic U.S. job losses that left buyers worried about their financial future. Builders have been among the fastest recovering sectors from the initial round of lockdowns, however, with U.S. housing starts up 17% in June as rock bottom interest rates got sales moving again.
A nationwide Harris poll also showed almost 40% of urban dwellers would now consider moving to less populated areas, and percentages browsing online for properties are even higher. “Record-low rates and a powerful ‘nesting’ trend are driving strong order growth and pricing by the builders, this is now largely embedded in expectations,” Evercore ISI analyst Stephen Kim said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Attention Low-Carb Dieters: These Beers Are Fair GameYesssss!
続きを読む »
Afghan all-girls robotics team designs low-cost ventilator to treat coronavirus patientsIn the eastern Afghan city of Herat, 18-year-old high school student Somaya Faruqi adjusts a suction cap as she puts the finishing touches before unveiling a low-cost, lightweight ventilator created by her and six other young women. The all-female Afghan Robotics Team, which has won international awards
続きを読む »
Coronavirus updates: Newsom presses Californians to fight spread as ICU beds run lowThe novel coronavirus pandemic has now killed more than 600,000 people worldwide and over 14.5 million people across the globe have been diagnosed with COVID-19.
続きを読む »
Brazil Bolsonaro's low approval rating improves despite rising COVID-19 casesBrazil President Jair Bolsonaro's low approval ratings rose for a third consecutive month, a poll showed on Monday, as the perception of his handling of the coronavirus crisis and the economy's direction continued to improve gradually.
続きを読む »
Wealthy American homes have carbon footprints 25% higher than low-income residences, study saysWealthy Americans' homes generate around 25% more greenhouse gases compared to lower-income residences, mostly due to larger size, a new study finds. In some particularly affluent US suburbs, emissions are up to 15 times higher than nearby neighborhoods.
続きを読む »