From Sperry Van Ness Accelerated Marketing | John Johnson, CCIM – The 12 largest homebuilders have been buying developed lots at distressed prices for several months, and the actuations continue. And they are starting to build new homes, even in the face of declining prices and more foreclosures and other resales on the market. But they are taking advantage of buying lots at cheap prices, perhaps repositioning the development
(downscale), and often building smaller houses. Is it a good strategy to add new inventory at this time?
Read the full article from Bloomberg HERE.