In the last six years since the housing boom went south and crashed, potential homebuyers have had limited choices when deciding between a new or a resale residence.
Until the start of 2013, most residential builders haven’t been able to compete with foreclosure and short-sale prices. Distressed sales of existing home prices were substantially below new construction costs. Most builders, the ones still in business, spent a lot of time fishing, golfing and hunting while waiting for the market to rebound.
