New Construction Cutbacks
April 9th, 2008 categories: New Construction
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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