A Great Perspective on New Home Construction
CNBC has a great article on some new housing numbers that I think sums up what we’ve been seeing in the Twin Cities lately. I believe the views by J.P. Morgan and Raymond James are both spot-on!
http://www.cnbc.com/id/32569620
It is nice to see a little renewed interest in new construction lately… I have seen several developments with 10+ houses under construction at once… something that isn’t very notable compared to 2002-2006 but quite interesting compared last year. This surge in activity is very spotty though and is found mostly where builders or developers lowered their prices to get the completed home down to a competitive level.
Comment from Roy Peter
Time October 7, 2009 at 10:37 PM
That’s a good way to do it, lowering the price of home is not a bad idea. Real Estate