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Home › Forums › Housing › 7.6 % drop in new home sales in Dec. But, aren’t people celebrating the holidays in Dec? › I think it’s a little like

January 28, 2010 at 5:36 AM #507253
Nor-LA-SD-guy
Participant

I think it’s a little like the chicken and the egg (at least for Coastal SoCal inland not so much)

I don’t think you will see a lot of new homes being built/sold until prices have started to rise (and no home prices don’t just go down they will go up sometimes as well).

I don’t think it will take as long for them to start to build/sell inland again as just a lot more cheap land available but even then I just don’t see a lot of building happening until home prices start to raise some.