2009
Florida New Construction Homebuilders See “Downturn” is Ending
Posted by Justin in Advice, Florida MLS, Florida Real Estate, Justin Shirley, Sarasota Real Estate, Shirley International Realty Inc., StatisticsIf you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
(New Home Sales are Rising & Prospective Buyers Flock to “Sales Centers” in New Communities. New Construction is the One Niche of the Market that Competes Very Well with Foreclosure & Short Sale Pricing.. Plus, Newer & Never Lived-In is Very Desirable!)
Homebuilders tout signs of housing market thaw
LOS ANGELES – June 4, 2009 – Homebuilders across the country say they are finally seeing signs the three-year housing downturn is ending.
This week, both Toll Brothers Inc. and Hovnanian Enterprises Inc. were the latest builders to report smaller quarterly losses, rosier sales trends and more prospective buyers visiting model homes.
Toll said Wednesday it has seen an increase in homebuyers putting down deposits during nine of the past 11 weeks, compared to weekly figures from fiscal 2008.
“In the last couple of weeks, which on a seasonal basis should stink, we do see fewer (contract) cancellations coming in than we would have normally expected,” said Robert Toll, chief executive officer.
None of them, however, is ready to jinx it by calling the bottom. They say the recession and fear of job losses are keeping many would-be homebuyers on the fence.
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