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Housing Market

The housing market consists of existing housing stock and new residential homes.

Tightening of mortgage credit generally and construction loans hits builders

By Rick Adlam on Saturday, March 20, 2010

The banks have been tightening their credit guidelines on home buyers for over the last year and this is stangling building companies cashflow and construction activity slowed for the 11th month straight.

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Credit squeeze on home loan mortgage lending is not over yet

By Rick Adlam on Saturday, March 20, 2010

The global home loan credit squeeze is a “serious crisis” that is not over yet and will have an impact on government budgets, the IMF’s outgoing head Rodrigo Rato said in an interview published overnight.
Speaking to the Financial Times from Washington, IMF Managing Director Rato said: “Policymakers should not think that the problems will stay [...]

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