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Builders hoping for rebound

If there’s any immediate glimmer of hope in the construction industry, it will come from the residential sector. Nationally, residential building has begun to show faint signs of a turnaround. However, John Burns Real Estate Consulting reported this month that total U.S. new home permits for 2009 will still be off by 79 percent from… Continue Reading Builders hoping for rebound

Residential construction companies in survival mode Residential construction companies have increasingly become an “endangered species” in the recessionary rainforest. However, the prognosis for entry-level and move-up builders for 2010 is slightly more optimistic than the survival chances of the Sumatran tiger, Asian elephant and the Borneo orangutan. Some companies have already left the forest to… Continue Reading Builders down, but not out

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Homebuilders toughing it out

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So what are the chances that residential construction will be one of the endangered species that overcomes all obstacles? Will it, like the delisted bald eagle or western grey wolf, return to reproducing at healthy levels? Housing and Building Association of Colorado Springs President Ralph Braden thinks so. He stops short, however, of predicting a… Continue Reading Homebuilders toughing it out

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