Single-family construction is down 63% from the peak. Construction is unlikely to fall much further, and should rebound quickly if this cycle follows the pattern of previous cycles.
The housing slump has a silver lining. Because the market is bad, builders are now in a position of strength to negotiate impact fees with municipalities.
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Though Wall Street ended solidly in the black for the month of September, builders continued to suffer as weakness in the sector pushed stocks lower, both in the Builders' and Product Manufacturers' indexes.
Though Wall Street ended solidly in the black for the month of September, builders continued to suffer as weakness in the sector pushed stocks lower, both in the Builders' and Product Manufacturers' indexes.
Steve Wall’s acquisition of Technical Olympic USA’s Newmark Homes division in Dallas, along with John Laing Homes’ sharing a senior executive with its Dubai-based parent Emaar’s operation in India, highlight the movement of people
Merger and acquisition activities and a surge in home sales lifted Wall Street for our session ending May 31. The Dow industrials continued their climb higher, and the slow-stepping S&P 500 Index hit its first record close in seven years as our sessi