New homes sales at the lowest level since records began in 1963.
Seasonally adjusted annual rate of 250,000 single family homes.
Median price of a home is around $202,000 – about the median price in 2003
3,000,000 foreclosures forecasted this year
2,200,000 overall construction jobs lost over the past 3-yrs. Approximately 30% of the construction industry employed in 2007
Lennar Corp will report their first-quarter fiscal results this week.
40% of their sales are to entry level homebuyers
KB Homes will also report their first-quarter results
70% of their sales are to entry level homebuyers
Even if the signs and trends remain less positive, we are poised for great things in the housing industry and the economy will follow!!! Position yourself to ride the wave of success.
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