The recent RL Brown Report has been issued.
RL Brown makes some interesting predictions relative to how homebuilders will do business in the future.
"With the shifts in credit criteria, the probability of higher mortgage rates in the near and mid-terms, the loss of paper equity in the present stock of homes, and the general stumbling of the global and national economies, and the shifts in energy strategies, the die has been cast for a new housing consumer for the next several years." We have mentioned here before that the wise builders have re-invented their strategies. In the future we will see homes that offer standard features only to the extent that buyers can afford to pay.
Price point will remain critical if builders hope to compete effectively with the large amount of supply on the resale market
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