More from the article:
Nat Hodgson, executive director of the Southern Nevada Home Builders Association, said the market’s mini boom has its roots in April 2012. That’s when building permits doubled amid a supply crunch, as foreclosures stalled and builders ran out of standing inventory... “We’re not jumping up and down and saying this market is the greatest thing since sliced bread, but the fact that we’ve bounced off of our bottom gives us hope,” Hodgson said. “For a number of years, builders were buying dirt, building houses and selling them for less than their costs. As of this minute, they’re able to make a profit.”Check out the story at the following link:
http://www.reviewjournal.com/business/housing/us-homebuilder-confidence-soars-7-year-high
Source: REVIEWJOURNAL.com
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