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Home builders all across the United States are bracing themselves for the post downgrade drop. Not unlike the stock market, the nation's home builders have been badly affected by the downgrade of U.S. debt. Experts said that it was too early to predict if the fallout in the equities markets would take a huge toll on the home builder's business.
Robert Toll, the chairman of luxury home builder Toll Brothers Inc. said that the debt-ceiling debate and subsequent downgrade are like this summer's oil spill for home builders. He also stated that home builders might face a drop due to a lack in confidence engendered by the market's drop. Home builders stated that their biggest concern was customer confidence.