Homebuilders snatching up land

|  September 01, 2009 |

Bloomberg reported last week that some of the nation’s largest homebuilders (at least those that are still solvent) are buying up land for developments in anticipation of a turn around in the homebuilding economy. With lots selling forĀ 50 to 75 percent lessĀ  than at the peak of the housing boom it only makes sense.

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