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BRIEF-Fitch says ‍some U.S. homebuilders still reeling six years into recovery
October 16, 2017 / 6:11 PM / 2 months ago

BRIEF-Fitch says ‍some U.S. homebuilders still reeling six years into recovery

Oct 16 (Reuters) - Fitch:

* Fitch says ‍high leverage and a heavy debt burden have left some U.S. Homebuilders “still struggling six years into housing recovery​”

* Expects housing recovery to continue through at least 2018; rising land, labor, material costs will pressure profits ​

* Fitch says ‍first-time buyers will continue to gradually represent a higher portion of housing purchases Source text for Eikon: (Bengaluru Newsroom: +91 806 749 1136)

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