In the meantime, a continuing yawning supply imbalance, a weakening U.S. job market and
tight lending conditions point to a prolonged period of housing market lethargy, with the risk of still lower home prices and construction, and relatively depressed sales volumes.»
«At this
point, difficult appraisals and
tight lending conditions for builders and buyers remain limiting factors for the burgeoning housing recovery, along with shortages of buildable lots that have begun popping up in certain markets.»