Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (1311)	1/8/2002 6:11:10 PM
From: J. P.	Read Replies (1) \| Respond to of 306849

Nice, but that is only one company going from like 12 homes to 75 homes in a huge metro area. 75 homes in the D.C. area can't be much percentage wise. But hey, the economy sucks, people are using credit, lots of layoffs, time to party on and build more homes. It's a demographic thing, inventories are low, and demand is high, right? The Real Estate boom will last forever, this is a new paradigm, cycles are dead. I'm finally convinced.

To: Tradelite who wrote (1311)	1/9/2002 8:46:01 AM
From: Tradelite	Respond to of 306849

Well, for one builder to sell 75 homes in December in one metro area looks a little impressive to me, and the story actually goes on to say that sales for the company went up 12 percent this December over last December in its SIX regions, not just the one metro area where it sold 75 homes. Hovnanian is a huge builder (although the one luxury Hovnanian home that I sold a few years ago was a real disappointment to the owners, and within a year, I sold it for them and found them another one. LOL!!)