By John McManus | Builder
The hazards of a top-down housing market–where several years running of success among mostly discretionary, higher-end buyers sling-shots a recovery without the benefit of underlying strength at the lowest price baseline–are coming clear.
The evidence, increasingly, shows that a housing recovery’s “second wind” may depend almost entirely on the residential investment, development, and construction community’s ability to blitz markets and sub-markets around the nation with attainably-priced, entry-level homes and communities.
