Home Builders Make Grab for Cheap Land

Posted by pcbasentry on July 15, 2009

This article surprised me. Is anyone around here doing this?

U.S. home builders, long burdened with excess holdings of land, now are shopping for more of it.

Though it will take years for builders to make use of all the land they bought at inflated prices during the housing boom, some are starting to see irresistible values for finished lots — land ready for building, with streets, sewers and other improvements in place — in prime locations. Many of these lots are owned by banks that acquired the property through foreclosures…

Read the full article at The Wall Street Journal…


One Response to “Home Builders Make Grab for Cheap Land”

  1. techrazies said

    the cheap land is the best land

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