Thursday, October 9, 2008

Beazer President Says Toughest Time in History of Homebuilding Industry

Charleston, S.C.:

New home permits are down… More and more homes are remaining empty and homebuilders are holding on to more inventory than ever.

“Its really hard right now, it’s probably the toughest time in the history of this industry,” said Frank Finlaw, Charleston Division President for Beazer Homes.

But Phillip Ford, VP, Trident Homebuilders Association, says panic and rumors are making the situation worse: “I just refinanced my house, my in laws just bought a new house. There are mortgage options out there you just have to look for them. There are opportunities out there, it’s not dried up.”

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