2011-07-25implode-explode.com

At the start of the year, home builders were cautiously optimistic about their prospects for 2011. Home prices were picking up, prompting some builders to buy additional land and start to plan new communities.

What a difference a few months can make. The spring buying season--typically the strongest season for home sales--ended with a thud. Builders are now backtracking on the land deals and some prices have started to fall again.


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