I think they’re kinda/sorta selling what they’ve got. They just keep lowering prices until things sell. Sounds good unless you’re the guy who bought in October, or December, or last week…

They’re also trying to finish building everything in the already planned phases. For a while, they were trying to control inventory and maintain prices, but now I think it’s get it built and sold before they need to reduce prices further.

It also sounds like it’s true that Fred Maas is having a hard time getting anyone to pay for any more dirt. I’ve heard several times that builders have let their land options go and nobody else is picking them up.

Sounds like it’s going to look a lot like it does right now for some time to come.