1/3 of US homes being built is worth less than it cost to build

One out of three builders say they lost signed sales contracts during the last half of 2011 because appraisals on their homes were less than the sales price the buyer agreed to, according to the latest data from the National Association of Home Builders.

Source: Homes Cost More to Build Than They%u2019re Worth - Real-Time Advice - SmartMoney

added 2012-04-17T19:11:01Z by anders

Tags: economics housing usa statistics