Tuesday, December 01, 2009

A Reason for Optimism

When I last visited this development I commented that, though the posted sale price had been revised upward, no homes had actually started construction. That is no longer the case. At last count there were actually at least six new homes in various stages of construction on this street in Ellicott City.
Apparently more will be starting soon.

This is a good sign that things may be finally turning around for the homebuilders. It will be interesting to see if the posted sales price changes again.