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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Mick Mørmøny who wrote (41805)9/22/2005 1:29:32 AM
From: John VosillaRead Replies (2) of 306849
 
"The 19 Standard & Poor's-rated homebuilders who sold about 25 percent of the nation's approximately 1.6 million new single-family homes in 2004, earn about 50 percent of their revenue in just three states — California, Texas and Florida, according to S&P analyst James Fielding."

We know in 2 of the 3 new construction should take a huge dive. But who else along with Texas could pick up enough of the slack? Even if they make up the volume somehow there is no way they generate those fat profits from bubble coastal markets.
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