TonyCinTX

Down Payment Assistance Cancelled For Builders [Housing Tracker]

Hi Judy,

I think an interesting "bright side" article on the housing recession would be how this is affecting building labor and materials cost (if at all).

After the dot-com bubble burst, salaries and contract rates for computer programmers dropped as much as 50%. This was good news for those of us with demands on the programming market unrelated to dot coms, suddenly we had great talent available for less per hour than *before* the bubble.

By supply-and-demand reasoning, I would expect a similar effect in housing. At least for a while, labor and material should be in over-supply and the non-housing market builders should be reaping benefits.