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04-24-2011, 07:54 PM #1
Builders of new homes see no signs of recovery
MSNBC
Builders of new homes see no signs of recovery
With sales down 80 percent since 2005, analysts expect long-term changes in behavior
RICHMOND, Ill. — In this distant Chicago suburb, a builder has finally found a way to persuade people to buy a new house: he throws in a car.
Kim Meier’s spring promotion, which includes a $17,000 credit at a nearby General Motors dealer, has produced seven sales since the beginning of March, a veritable windfall of business for a builder who sold only 20 houses last year. “We needed to do something dramatic,â€Join our FIGHT AGAINST illegal immigration & to secure US borders by joining our E-mail Alerts at http://eepurl.com/cktGTn
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