A market’s fork-in-the-road moment means either seizing control or letting gravity take its course and riding it out. What will you do?
By John McManus | Builder
If you can’t build it for less, they won’t come.
Has constraint on the supply of new homes at an attainable price level to would-be home buyers ever actually ended a recovery cycle before?
Mr. [National Association of Home Builders chief economist Robert] Dietz said that if current trends continue, new-home sales are likely to be flat this year compared with last year, a disappointing result because many economists had hoped this would be a strong year for the new-home market given pent-up demand and years of limited supply.
“As we close in on the end of 2018, it is abundantly clear with the benefit of hindsight that the new-home sales market took a turn this year, and not for the better,” said Aaron Terrazas, a senior economist at Zillow, a real-estate database company.
