Builders take steps to curb speculation in housing markets

Builders take steps to curb speculation in housing markets: "Builders take steps to curb speculation in housing markets
WASHINGTON -- June 21, 2005 -- Home builders have been taking steps to curb speculative home buying by investors in the nation�s hottest housing markets, according to a series of surveys conducted by the National Association of Home Builders (NAHB).

'Builders -- especially the largest builders -- early on recognized the dangers of excessive speculative activity and took steps to discourage sales to investors who did not intend to occupy the new homes,' said NAHB Chief Economist David Seiders. 'As a result of these proactive efforts, speculative activity in the national market for new single-family homes has been well contained.'"