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Homebuilders snatching up land

Posted By Tom Jackson On September 1, 2009 @ 2:31 pm In Construction News | No Comments

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 [1]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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[1] buying up land for developments : http://www.bloomberg.com/apps/news?pid=20601109&sid=aDMMCMqlof.g

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