New Construction Predictions | Loudoun County VA Real Estate & Neighborhood Information

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New Construction Cutbacks

Categories: New Construction Posted on April 9th, 2008

Here is NVAR’s prediction on the cut backs of new construction through the next year.

Before you read too closely in to this and assume that builders are going to begin giving homes away, it is important that you understand that when you see this chart and hear the news say that builders are struggling, they are are referring to national statistics.

If you have spent much time in Loudoun County you will notice that there are are still new projects popping up all of the time. Builders have adjusted their prices here and for the most part are doing okay. I am not in denial that some have struggled, so we can discuss that in a later post.

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This entry was posted on Wednesday, April 9th, 2008 at 10:27 AM and is filed under New Construction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.