Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Builders In U S Adjust To Reality Rather Than Spin

Recommended Posts

http://www.builderonline.com/industry-news...rticleID=268439

Seiders Economy: Reality Check

Source: BUILDER Magazine

Publication date: 2006-03-01

Housing demand began to fade late last year, and inventories of unsold new homes grew in the process. The shift in the supply and demand has changed the housing market from a red-hot sellers' one to a cooler version in which buyers have more leverage, and the pendulum is not likely to swing back for the rest of 2006.
Price Adjustments
: Most builders prefer not to trim asking prices when demand ebbs, largely because they don't want to upset previous buyers. But our survey picked up some price cutting in response to growing buyer resistance to elevated market prices
Production Mix
: Some builders have reacted to growing price resistance by adjusting their production mix.
Realtors/Brokers
: One-third of the respondents said they had increased their use of Realtors/brokers in an effort to maintain sales at current prices
Nonprice Sales Incentives
: Builders also have cranked up various nonprice sales incentives offered to prospective buyers.

A reality check indeed. Same thing going on in the UK but no one is admitting to it. This item features on a main website for the building industry!

Share this post


Link to post
Share on other sites

The US seems far more inclined to step up and admit the reality of a stalled or falling property market.

This is healthy and so unlike the mass denial which still grips the UK market.

Edited by Red Baron

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.