June 1, 2020 / 1:17 PM / a month ago

BRIEF-Moody's Says Canadian Homebuilders' Resilience Set To See Them Through Coronavirus-Induced Housing Slowdown

June 1 (Reuters) -

* MOODY’S SAYS CANADIAN HOMEBUILDERS’ RESILIENCE SET TO SEE THEM THROUGH CORONAVIRUS-INDUCED HOUSING SLOWDOWN

* MOODY’S-CANADA’S 2020 ECONOMIC CONTRACTION, HIGH CONSUMER DEBT VERSUS U.S. EXPOSES HOMEBUILDERS TO SLOWER RECOVERY IN HOUSING DEMAND THAN U.S.-ONLY PEERS

* MOODY’S SAYS HOMEBUILDERS IN U.S. AND CANADA WILL SEE HOME SALES DECLINE BY DOUBLE DIGITS

* MOODY’S SAYS SOME KEY CANADIAN HOUSING FUNDAMENTALS WILL REMAIN INTACT, SUPPORTING REBOUND IN HOME SALES Source text for Eikon:

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