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HBF regional survey of house builders August 2007

By: Language: English Series: Housing Market Report ; (184) September 2007, 7-11(5)Publication details: 2007Subject(s): Summary: Finds that site visitors in August were below the levels of a year ago for the eighth consecutive month, showing a drop of 30%. House builders have seen the sharpest year-on-year decline in net reservations since July 2005. Numbers of site visitors also declined. New home prices recovered by 3% after a similar dip the previous month. The use of incentives by housebuilders continued to increase markedly. House builders continued to increase their use of sales incentives, showing an increase of 36%. Despite the falling demand, there is optimism that sales in 2007 will outstrip 2006.

Finds that site visitors in August were below the levels of a year ago for the eighth consecutive month, showing a drop of 30%. House builders have seen the sharpest year-on-year decline in net reservations since July 2005. Numbers of site visitors also declined. New home prices recovered by 3% after a similar dip the previous month. The use of incentives by housebuilders continued to increase markedly. House builders continued to increase their use of sales incentives, showing an increase of 36%. Despite the falling demand, there is optimism that sales in 2007 will outstrip 2006.