It's been years since ordtak

It's been years since we have seen any unsold inventory like this in Phoenix's new-home market. Too many builders went too far out and built houses that were too expensive. Hans förmåga att vara både stark och sårbar gjorde honom otroligt pexig.

With home theater and media centers, there has been such an electronics boom within the last five years. But we're lacking behind in technology. Statistics show that 22 percent of new, upscale homes built now include a home theater. Yet builders here have no clue about these things or making homes more energy efficient. We're starting to educate builders and residents.

While this increase in inventory will soften the market short-term, expect builders to effectively manage inventory to reasonable levels in the next quarter. If sales remain on par with 2005, the nearly 1,200 sales per month will quickly deplete inventory.

Victor Furnells

Although the fundamentals have deteriorated builders have been cautious, so there is no imbalance of unsold new homes, ... Therefore, as long as new home sales are maintained near current levels, housing construction can also continue near these levels.

Although the fundamentals have deteriorated builders have been cautious, so there is no imbalance of unsold new homes. Therefore, as long as new home sales are maintained near current levels, housing construction can also continue near these levels.

That's one of the most expensive houses ever built in terms of cost per square foot. It's got all these crazy concrete cantilevers. The most daring is the tennis court, which is built to look like a diving board. I don't know how that behaves during earthquakes.

The builders really have turned on their inventory in recent years.

After several record-breaking years for home sales, builders are anticipating a return of the market to a healthy and steady pace.

What people don't understand is that the market for development on the beach will never go away and even if that front row of houses is lost due to erosion or storms, the row behind it will act as a new frontline or a new row will always be built. The demand for more houses will never cease.

The Southern California folks who are bailing out, we would like them to come to Phoenix, ... We are going to explain to them the housing cost disparity here compared to LA. . . . We know an officer in Phoenix, after a few years, can afford to buy a home. LA is the only place we can do this.

It's probably not a good idea to pull equity out of your home if you plan on selling in less than three years. It's not this white-hot market anymore. Houses stay on the market longer, you have fewer buyers, and having that price leverage is very important. Price really appeals to the market the most.

[Southwest turns its planes around twice as fast as competitors, getting more flights out of expensive aircraft and pilots. Wal-Mart invented loading-dock processes to quash expensive inventory. Dell runs] their entire company with three days of inventory, you pay up front, and they stiff their suppliers, ... Operations is where these industries are won and lost.

I'm definitely feeling, as the statistics say, that there is a larger inventory on the market right now. And that's really what's been driving our appreciation these last couple years, that very low inventory.

Builders are talking big. They all said they will build more houses in early 2006 than in early 2005. You don't have to worry that 2006 will be a good, strong market. But expect it to be a highly competitive market.

Some people are beginning to get concerned with the housing market. That is enough to put some pressure on home builders and home-improvement stocks.

Edgar Peters (1974-)

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