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  • July 28, 2006 at 9:49 PM #7031
    highpacific
    Participant

    Home builders are really having it tough right now.

    “The NAHB/Wells Fargo housing-market index fell 3 more points to 39 in July, the lowest since December 1991. A reading of 50 would mean sentiment is balanced equally among builders who think the market is good and those who think it’s poor.

    The index peaked at 72 in June 2005 and has fallen in 11 months since then. It’s the fastest decline in the 21-year history of the index, which has had a fairly good record of predicting the number of new homes started.”
    http://housingzone.com/index.asp?layout=articleXml&xmlId=408545501

    Also check out this one.

    “Market shift: Now builders lure Realtors

    Thousands of dollars in home-closing bonuses. Commissions more than three times last year’s rates. Deep discounts and even gas card promotions…”
    http://housingzone.com/index.asp?layout=articleXml&xmlId=412026492

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