Home Builders, Remodelers, Contractors and Real Estate Developers Begin to Regain Confidence in the Housing Market

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GuildQuality Shares Market Prediction Survey Results

The housing market has had a terrible time over the last four or five years, and it's refreshing to hear this sort of change in sentiment. I wouldn't call it exuberance, but it's certainly cautious optimism.

The building industry is approaching its peak selling season with a regained confidence in the housing market. GuildQuality, an Atlanta based customer satisfaction surveying company serving home builders, remodelers, contractors and real estate developers throughout the United States and Canada, recently published a report regarding the building industry's outlook on the once dreary housing market.

The March report contains a summary of feedback received in a Market Prediction Survey GuildQuality conducts quarterly with the owners and operators among the hundreds of home builders, remodelers, contractors, and real estate developers that utilize their services. The survey focuses on the level of change Guildmembers foresee in the market over the next 6 months, the level of change they foresee in their own company’s performance over the next 6 months, and how they would describe the current state of the market. The data featured in the recently published report is a compilation of evaluations stemming as far back as October of 2008.

65% of Guildmembers expect improvement in the housing market within the next six months. Within their own companies, 80% of members forecasted improvement. 44% of members described the current state of the market as either "Good" or "Excellent," with only 11% describing it as "Poor" or "Horrible."

GuildQuality CEO, Geoff Graham stated, "The housing market has had a terrible time over the last four or five years, and it's refreshing to hear this sort of change in sentiment. I wouldn't call it exuberance, but it's certainly cautious optimism."

For more on GuildQuality’s past Market Prediction surveys and comments from the participating homebuilders, remodelers, contractors and real estate developers, visit GuildQuality's blog.

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Erica England
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