Demand for New Houses Softens in Several Markets

Brought to you by

Demand for New Houses
Softens in Several Markets

By Janet Morrissey
From Dow Jones Newswires

Several home builders say they are seeing softening demand for homes in a number of markets around the country, coming on the heels of a sharp drop-off reported by luxury-home builder Toll Brothers Inc. last month.

"We are seeing a slowing in the sales pace" so far in 2006, said Lennar Corp. Chief Financial Officer Bruce Gross, at the Wachovia Homebuilders Conference Tuesday. He said this is consistent with similar trends experienced by rival builders.
-- March 06, 2006

Read More