Buffett told CNBC on Monday that housing construction is "in a depression, not a recession" because there is still an oversupply of homes.
http://www.businessweek.com/ap/financialnews/D9R0GGB02.htm
James Loftis
Real Estate 911 Inc Broker/Owner
Hollywood,FL 33024



James
I would agree with you the new home industry is in far more the a recession and it take another 3 to 5 year for the building industry to work it's way out of it.
Good luck and success.
Lou Ludwig