Relevant:
- Pending Sales of Previously Owned U.S. Homes Unexpectedly Fall
- Sales of New U.S. Homes Hover Near a Two-Year High
- Stop sugarcoating the housing market: Economist warns that buyers face increasing troubles
- Higher prices: the big trend for back-to-school
- Foreclosures jump as banks bet on rising house prices
2009-03-30 — minyanville.com
"The market for new homes is being decimated by rampant overbuilding during the boom, and by the flood of bank-owned properties now being sold on the cheap. Prices remain in free fall. Even as labor expenses and materials costs hover around recent lows, the business of building new homes is still broken. "
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