Denver Post- November 4, 2008
Home building has had a 40 percent decline in sales this third quarter. Unfortunately the entire field of construction suffers from declines in such a large encompassing market. The chain of losses surrounding the housing market is rather long: real estate agents/agencies, home building companies/contractors, sub-contractors, suppliers, manufactures, and so on. Maybe the initial problem of the credit crisis was the excessive volume of houses on the market being sold well under prime market value. Home builders inflated the housing market with cheap cookie-cutter homes only to sucker people into homes they couldn't really afford. One thing lead to another and now the world is having an economic collapse.
My advise for the future is that all industries should be careful of how much they flood the market with their product because too much will have a significant chain effect on many people.
http://www.denverpost.com/commented/ci_10898855?source=commented-business
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