The homebuilders got lucky this time
Housing Wire
FEBRUARY 16, 2023
There is one simple reason for this: it’s not 2008. However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. 291,000 homes are still under construction: 5.7 In the last report, the builders had 9.0
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