March 18, 2020 / 6:12 PM / 21 days ago

BRIEF-Fitch Says Coronavirus Will Drive U.S. Homebuilder Margins Down As Demand Slows

March 18 (Reuters) - FITCH:

* FITCH SAYS CORONAVIRUS WILL DRIVE U.S. HOMEBUILDER MARGINS DOWN AS DEMAND SLOWS

* FITCH SAYS EXPECT INVESTMENT-GRADE U.S. HOMEBUILDERS TO SLOW OR STOP LAND ACQUISITION ACTIVITY, ESPECIALLY UNDEVELOPED LAND, IN NEAR TERM

* FITCH SAYS HOMEBUYER TRAFFIC, AND CONSEQUENTLY ORDERS, IN U.S. ARE EXPECTED TO BE WEAK, AT LEAST IN SHORT TO MEDIUM TERM

* FITCH SAYS LOWER CONSUMER CONFIDENCE, MORE WIDESPREAD & PROLONGED LOCKDOWN IN US TO SLOW SPREAD OF CORONAVIRUS, COULD DAMPEN SPRING SELLING SEASON

* FITCH SAYS PROACTIVE SELF-QUARANTINE MEASURES BY CONSUMERS IN U.S., & RELUCTANCE BY POTENTIAL SELLERS TO SHOW HOMES COULD DAMPEN SPRING SELLING SEASON Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below