David W. Berson

Editor in chief of Dealerscope

The new-housing market slump has yet to bottom out – but new-home sales numbers should begin stabilizing by Q3, and see some slow growth in Q4, according to David F. Seiders, chief economist for the National Association of Home Builders (NAHB), who presented his statistics on a panel during Day One of the group’s 2008 IBS (International Builders’ Show) yesterday in Orlando, Fla. “The economy is in weak condition, and there is recession talk. In that context, the dramatic market contraction puts a heavy hit on economic activity including [housing] sales and production, with associated effects in the financing area,” he said, painting a

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