Tag Archives: Fitch: Homebuilding to Get Boost From Falling Foreclosures

Homebuilders may benefit from the drop in distressed properties in recent months, which might spur greater activity in new-home construction, according to a new report by Fitch Ratings. Distressed home sales have hampered home prices the last few years. But with less competition from distressed home sales and rental prices, more home buyers may consider new homes, according to Fitch. Robert Curran, Fitch’s managing director of homebuilding, forecasts single-family housing starts to rise 19 percent in 2012, and existing-home sales to grow 8.5 percent this year. “However, we note that […]