Does anyone else recall Kirk Nace telling us that new construction would falter as the margin between new and used became greater and that only long after we stop creating new supply will the enormous existing oversupply be used up, after which the US Housing market could find it's natural bottom? Looks like we are slowly and painfully moving in that direction.
Click on the title above or the link below to review the entire Yahoo Finance article.
http://finance.yahoo.com/news/New-homes-are-becoming-a-bad-apf-507780796.html?x=0
