The vast majority of new homes will be sold at less than $300,000 and will have serious competition from the short sale and foreclosure market, where near-new homes are still being sold below cost.
Even with an uptick the last several months, the industry is still in trouble, according to the report. Many small homebuilders have gone out of business, leaving only the large and well-financed companies to compete. And there are still several important hurdles for even those high-producing homebuilders to overcome. The Deseret News
