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A smart Builder has made contingencies for this contraction by putting some money aside to carry through the difficult times foamposites for sale As the economy starts to turn around, as I feel it is, Builders will begin to sell off some of this excessive inventory until a point of equilibrium is met.
Back on a level field where as many are being built as are being sold foamposites for sale. It's natural then that housing starts would be down.
Not really such bad news as long as the other economic numbers are coming in positive or at least above expectations foamposites for sale. As an optimist, and not an economist, I think in terms of human nature and business, not just numbers.
So after further examination this morning I read that single family home starts were actually up 2 foamposites for sale.8% to 380000, the second straight month of improvement.
That is really good news for real estate people. Home buyers on the fence still have time to find good deals, but this particular market seems to be improving. Here in the town where I live, Wichita KS, there are lots of prime properties at discount prices. Multi family buildings dropped from 167,000 to just 90,000. While those numbers are certainly bad, it affects construction more than the Realtor. Residential real estate professionals deal mostly in single family homes. If builders are building again it means that they must be selling off some of that inventory. As demand increases, so will the price of real estate. Home builders have been taking a hit in the pocket book during this recession. Homes have been selling, when they sell, at record low prices just to get rid of inventory. Home builders have been forced to slash prices to stimulate demand. Once that point of equilibrium is reached, and builders are selling as many as their building, prices will almost certainly begin to rise. The good news is that while builders profits are low, it means buying opportunities are abound.. Good buying opportunities and a chance to buy a new home with built in equity. After a contraction in the economy when the prices of homes and goods in general are sold off at discounts the time to buy is ripe as the recovery begins. We've all heard buy low, sell high. We seem to be right at or close to that point in this recession. As home prices rise, so will the equity in your new home.
foamposites for sale
foamposites for sale
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