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Signs of Life for New Construction

Sunday, May 2, 2010 @ 08:05 PM
posted by Mona Tatro

New construction has been at a stand still for the past two +years.  Inventory has been unable to compete with distressed property prices.  One step closer to a more stable market all around.  Things are looking up! 

“Builders are taking advantage of reduced land prices and getting multiple bids from subcontractors and suppliers to keep construction costs down” … quoted from the article in the Reno Gazette Journal, see below. 

http://www.rgj.com/article/20100502/BIZ/5020320/1071/Lower+land++materials+costs+spur+new+home+construction

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This entry was posted on Sunday, May 2nd, 2010 at 8:38 pm and is filed under Home for Sale, community, market trends. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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