Dave Lewenz

Homebuilders Agree: January Was A Good Month

The home building market has a long way to go before any significant uptrend. Until the forclosure market is washed out, it is impossible to have a rebound. A rebound only occurs when demand exceeds supply, with job losses approach depression levels in 2009-2010 coupled with lost equity among potential home buyers and afraid to stick their toe in the water. The new housing market may return to life in 2011-2012.