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May 24th, 2007 12:12 PM by David W. Welch
Builders, have the advantage of being able, in many cases, to change their product line to meet the needs of more current demand. So, while they have to result to price and incentives on their current products, they can actually change their future products to reflect more current market conditions.
I think these are the reasons why new home sales annouced this week were up. #1) financial incentives and price decreases; #2) smaller homes - less expensive products to appeal to home buyers that have been priced out of the market.