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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (278477)9/24/2010 11:21:24 PM
From: John VosillaRead Replies (4) of 306849
 
'Builders, facing record low demand, are trying to boost margins and revenue by pulling unfinished projects out of mothballs.

They're benefiting from cheap land and falling construction costs as they seek to adapt floor plans to today's market and lure buyers with prices that, in some neighborhoods, are little more than the cost of a foreclosed home.'

We are in a repeat of the early to mid 90's cycle all over again only price movements and speculation were on steroids this time. Expecting quite low housing starts for at least 5+ more years as most MSA's that tend to expand the most will be slow growing at best for a long time..

Last time it was worse in commercial. I still drive by many office parks where every building was built around 1984-87 but took till the end of the 1990's for all the space to get absorbed.
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