The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (25263)	11/16/2004 1:54:03 AM
From: Elroy Jetson	Read Replies (2) of 306849

There's nothing much to tell other than a change in sentiment. Sales Managers at home builders have been pushing their companies to buy and process more land as they've been "losing sales". Now the home builders are all stocked up with very expensive land -- the sales at a number of companies didn't meet their targets for October and November is worse. People who have been in the industry for a long time are nervously looking around to what they'll be doing next. The demand for more expensive homes especially is not there, which is a problem as that's where all the demand was, until last month, so that's how the land had been platted and approved. No one knows if this is 1989 to the collapse in 1990/2005 or if this is a temporary slow-down. That we discover in time. But missing your seasonally adjusted sales targets so soon after people had been camping out all night to get on waiting-lists for a new home gives people working for home builders the willies, particularly if they're old enough to recall 1990. .

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