TITLE

Inventory woes for builders

AUTHOR(S)
Reich-Hale, David
PUB. DATE
April 2007
SOURCE
Long Island Business News (7/1993 to 5/2009);4/6/2007, Vol. 54 Issue 15, p1A
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the high level of supply in the national real estate market in the U.S. in February 2007. Bernard Markstein, senior economist and director of foreclosures at the National Association of Home Builders (NAHB), asserts that homebuilders have built too many homes and the market has worked down an excess of inventory. In addition, NAHB has said that the level of supply is well above the industry's heyday.
ACCESSION #
24803710

 

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