Posts Tagged ‘construction’

New Home Construction – Why?

Why is there such a concern for the new home construction industry? Rampant speculation in home building in Utah, Florida, Nevada, California and Arizona created many paper millionaires and drove prices so far out of whack for the vast majority of people in those states. With both new and existing home inventories vastly greater than the number of people able to afford to buy them why should anyone be concerned with the developers that caused the problem in the first place?

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