| The End Is Near? |
| Written by Jonathan Smoke | |
| 05.03.2007 | |
 Discuss this article on the forums. (0 posts) The National Association of Home Builders (NAHB) held a one-day conference last week in Washington, DC. At that conference a group of economists, Wall Street analysts, and housing experts gathered to present and discuss their views on the current outlook for the industry. While specific opinions and positions varied, the general consensus seemed to be in line with David Seiders, the Chief Economist for NAHB’s most recent forecast on April 19, in which he concluded: “Deterioration of the supply-demand balance in housing markets has downside implications for house prices and has prompted downward revisions to NAHB’s forecasts of home sales and housing production for the balance of 2007-2008. However, we’re still showing a gradual recovery process beginning around mid-2007.”
So the bottom should be reached within the next few months and we should see evidence of that in declining vacant inventories of existing homes and decline in the months’ supply of new homes. We’ll be covering some of the more interesting observations from the other presentations in our next several posts, so come back to hear more. In the mean time, share your thoughts on the timing of a recovery in my post in the General Economics forum. 
We're always looking for feedback from our readers.
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