NEW CONSTRUCTION NATIONALLY

ONE THING TO REMEMBER ABOUT YELLOWSTONE COUNTY, ALTHOUGH MY OUTLOOK IS POSITIVE, WE ARE NEITHER AN ISLAND NOR A WALLED CITY. WHAT THAT BRING US IS THE PSYCHOLOGY OF THE NATIONAL INFLUENCES, ESPECIALLY WITH THE NET IMMIGRATION OF PERSONS FROM AROUND THE COUNTY (GIVING US POPULATION GROWTH) AND THE BAGGAGE THEY BRING FROM THE REAL ESTATE MARKET THEY HAVE LEFT.  UNFORTUNATELY FOR MY FRIENDS IN THE NEW CONSTRUCTION BUSINESS AROUND THE COUNTRY TWO MAJOR INFLUENCES THEY HAVE NO CONTROL ABOUT WILL CONTINUE TO WEIGH HEAVILY ON THEIR BUSINESS FOR THE NEXT SEVERAL YEARS . THE FIRST IS THE FORECLOSURE MARKET WHICH WEIGHS DOWN PRICING AND WILL CONTINUE TO DO SO NATIONALLY FOR THE NEXT COUPLE OF YEARS AND UNDERWRITING REQUIREMENTS WHICH PUT THE  BUILDER AND BUYER IN  A QUANDARY OF HOW TO BRIDGE THE GAP FROM OLD HOME TO NEW HOME SINCE BRIDGE FINANCING IS GONE FOR ALL BUT THE MOST PERFECT BUYERS AND THE BUYERS EQUITY IS TRAPPED UNTIL THE OLD HOME IS SOLD.

NEVER IN THE HISTORY, HAS HOME BUILDING BEEN IN THIS CONDITION WHEN THE RECESSION WAS DECLARED “OVER” MORE THAN TWO YEARS IN THE PAST. THE NUMBERS WERE RELEASED THIS MORING SEPTEMBER 20^TH AT 8:30 AM EASTERN