NEW YORK -- Despite clear indications that the U.S. economy has weakened, the nation’s conventional housing market is expected to remain relatively healthy in the coming year, according a new Standard & Poor's report "U.S. Homebuilders' Outlook for Credit Quality."
Lisa Sarajian, managing director of Real Estate Companies at Standard & Poor's, noted that recent declines in mortgage rates have buoyed traffic and new order activity, which had been showing some signs of softening over the past few quarters.