new home sales down 9%

Discussion in 'Politics & World News' started by dante, Dec 28, 2007.

  1. dante

    dante Unabomber

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    from a year ago, but the median price was only down .4%?

    Huh? You'd think that if home-builders would be crying the blues they'd be slashing prices and just trying to get the damn things sold. I know that when I was recently house-shopping, the biggest builder out here was offering things like they'd pay the first 6months payments (interest and principal), free upgrades, etc, so maybe that's why the "median price" hasn't gone down? (Veridian, the sole builder out here also has a financial lending subsidiary)

    Is it also that after figuring in materials, labor and overhead that the builders *can't* reduce their prices?
     

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  2. LordOpie

    LordOpie MOTHER HEN

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    Most builders here won't start on your home until you've sold your current home or have been officially approved for full financing if you're keeping your home.
     
  3. dante

    dante Unabomber

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    ahhh. around here it's housing developments, housing developments, more housing developments. My wife and I started referring to them as Ticky-Tacky houses a la Weeds. :D
     
  4. LordOpie

    LordOpie MOTHER HEN

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    Right, I'm talking about developments... they might be building 100 homes, but they don't build them on spec.