Statement A slump in home sales has pushed builders rsquo inventory to ldquo unsustainable levels rd...........

Logical Reasoning(IBPS CL) Statement and Infrence

Statement:

A slump in home sales has pushed builders’ inventory to “unsustainable levels” in the National Capital Region of Delhi, creating conditions for a real price correction that developers have so far avoided.

Which of the following statements is inferred on the basis of the given statement?

Demand for houses is quite low in most of the big cities.

The high inventory level will hamper the ability of launching new projects by the builders.

Builders in the market who have shown a good track record of delivering on time and on their promises, have been able to garner sales even in this slow market.

Unless this unsold stock gets absorbed, it will be difficult for consumer confidence to come back in this market.

High prices have pushed most of the on-sale partments beyond the reach of average home buyers.

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Explanation:

(a) does not follow because the NCR phenomenon can’t be extrapolated to “most of the big cities”.
(b) and (d) are probable consequences.
(c) shows us the other side.
(e) follows from the mention of “slump in home sales” and scope for “price correction”.

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