Just posted an "inside look" at the July issue of Bowden's Market Barometer. Also gearing up for a single issue offer at a really affordable price. We'll keep you posted as we progress. In the meantime, an excerpt from the July issue cover story written by our fearless himself, Ralph S. Bowden.
"To build or not to build, that is the question. The good news is: Housing starts and permits improved above expectations in May. Total housing starts now stand at an annualized rate of 532,000 units. The bad news is: Single-family houses sold at an annual rate of 342,000 units in May, down 0.6% month-over month and 32.8% below the rate seen in May 2008. The May inventory of new homes was estimated to be 292,000 units representing a 10.1 month supply based on current sales activity. While the number of new homes for sale has continued to trend downward since May 2007 as builders strive to deplete standing inventories, the two regions that have the most existing home inventories are reporting the greatest new construction activity. In the West, housing starts were up 28.6% month-over-month in May while the South reported increased activity of 16.8%.
So what does a developer do to be ready for the recovery?"
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