I have found a similar response with clients who I represented with these same builders that you had DA. Seems they were very resilient. The fact of the matter is that they have reduced the phases so substantially that they have created demand through reduction of inventory.
Contrary to what many piggs want or think, there is more buyer activity out in the market now then I have seen for a long time. Yes the buyers are more educated and looking for deals, but those who think there are no buyers are sorely mistaken. Thus it is easier now then it was 2 years ago for the sales offices to hold the line on pricing.
I agree SDNERD that it is still way overpriced up there. IMO not just the new homes but the resales, shorts and REOs.
My feeling on 4S is that it will decline in value and bottom out in the next 2-3 years. The depth will depend 100% on the employment picture and of course interest rates.
