At one time, we really had to hustle to have enough homes ready for the Buyers.
Perhaps no one has been harder hit than builders of new homes. The National Association of Home Builders (NAHB) reports that one out of three builders are reporting losing signed contracts during the preceding six months because appraisals are coming in lower than contract sales prices.
With that sort of profit margin, it's no wonder that many builders are staying on the sidelines. Yet, this is pushing the economy to the brink. The NAHB reports that new-home construction is a key to economic recovery. One hundred new homes can mean 300 full-time jobs and $8.9 million in federal, state, and local tax revenue.
Read more at..
http://realtytimes.com/rtpages/20111219_realestateoutlook.htm
Here's the BIG PROBLEM coming our way next.....
It takes 2 or more years to get a New Plat approved in most areas.
Will this make a shortage of homes available in the future?
Will this cause home values to escalate, again?
Will this become another Economic cycle of "ups &and downs" that causes so many problems?
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As the Author / Founder of this Blog, I truly believe in our great
Free Enterprise System that runs the economy in our God blessed
country. But, we need to have our leaders think carefully, anticipating new problems and balancing the type of fixes that are put into place. We pick our Congressional leaders to be WISE.
Step up, Man up & Woman up CONGRESS !!!!!!!!
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A special thanks to Realty Times for the above article,
Sincerely, Larry
