It’s really about the economy now … We’ve sold a home to everybody we could sell one to. We’re losing jobs, and the outlook is not very promising for the job market nationally and locally, so who are we going to build a house for?
All the incentives—those work if you believe there are a bunch of buyers on the sidelines waiting to get it … I don’t believe they’re out there. For a builder to start a home, they’re going to have to have some pretty good guarantees that the home buyer will be there at the end.
– Chris Huecksteadt, director of the Chicago region for Metrostudy, forecasting a gloomy 2009 for builders in today’s Tribune.
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