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Last year, the same people said we'd see recovery sometime in early to mid 2008.  Based on what I ask?  The decreasing amount of qualified homebuyers combined with an increase to idle inventory?  Sitting on a lot of inventory with no movement to sell is BAD no matter what business you are in.  Sure go build another 2000 homes, you think home prices are bad now...  I like the alternate theory.  "Others say another theory for ongoing activity is these projects may be from the tail end of the building boom, given the length of the approval process." Whoa... now that is a fringe theory if I ever saw one.
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