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Clueless Builders

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Terrel L. Shields

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Joined
May 2, 2002
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Certified General Appraiser
State
Arkansas
Chad Dreier, chairman Ryland Group Inc., looks for Congress to dole out some relief to the homebuilding industry thru proposed legislation to raise the limits on the size of home loans backed by FHA.

"Believe me, we need some tail winds," Dreier said.

Asked when new home sales would bottom out, Dreier responded: "I don't have a clue."
 

Alison Swain

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Sep 13, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Chad Dreier, chairman Ryland Group Inc., looks for Congress to dole out some relief to the homebuilding industry thru proposed legislation to raise the limits on the size of home loans backed by FHA.

"Believe me, we need some tail winds," Dreier said.

Asked when new home sales would bottom out, Dreier responded: "I don't have a clue."


At least he's honest. More candid answer than you'd have gotten from Lawrence Yun. :shrug:
 

Terrel L. Shields

Elite Member
Gold Supporting Member
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May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
I can imagine... "FHA limit changes will bring in new buyers and there is excellent choice. All the pent up demand for housing will bring these new buyers in because they will have better chance of financing. Expect an upturn in sales next quarter. We are past bottom. Housing will pick up and accellerate from here"....

You mean something like that.... ?
 

Charles Witt

Senior Member
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Dec 13, 2002
Professional Status
Certified Residential Appraiser
State
Delaware
FHA is the next sub-prime....................
 

Restrain

Elite Member
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Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
In the paper today...Buy a new home and get a second home FREE! YIKES. How do you adjust for that concession? And how do you make the loan.
 
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