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Reply #8: Nationwide Excess Inventory [View All]

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earthside Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-18-10 09:45 AM
Response to Reply #2
8. Nationwide Excess Inventory
Simply put, the country already has too many houses, the legacy of wide-scale overbuilding during the boom. The Census Bureau says there are two million vacant homes for sale, about double the historical level. Fewer new households, moreover, are being formed as families double up for economic reasons, putting a further brake on demand.

Building Is Booming in a City of Empty Houses - NYT; May 15, 2010
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