Sep 8, 2015

The Wall Street Journal reports that new home construction still has not made it back to 1990s levels, let alone the mid 2000s. Reports on new home construction show stability but the carnival days of big subdivisions on cheap land 50 miles away from downtown with no down payment,  are a thing of the past. Millennials want to live where the action is (downtown) and aren't forming households the way previous generations did.  Land costs in desirable areas are high, and construction labor is expensive, as half of the construction work force from 2007 has moved on to other forms of work. Steve and Sinclair break down some interesting stats affecting daily news reports behind the scenes. In the Q & A, real estate attorney Stephanie Wilson, a partner with the law firm Stoops, Denious, Wilson, and Murray discuss your rights as a home buyer of new construction, and how to go about curing deficiencies.