Quote:
Originally Posted by vintageogauge
I don't know how much of a drop there is but there sure is not a slow down in building, we drove through DeLuna, Chitty Chatty, and Bradford yesterday and the number of homes going us is staggering. There are also a lot of re-sale homes south of 44 that are sold in just a few days. I really don't feel that we can truly believe anything we are told, if you check with Trulia once a week and count the number that are sold you'll see that they are still very high. One thing is sure and that is TV is not concerned about it, they are already starting on several recreation areas and neighborhood rec. centers south of Bradford in 2 or 3 new villages, they are not slowing down at all.
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I don't know how The Villages finances construction, but interest rates are extremely low. So, it is a great time for a builder to borrow money and build. And, The Villages can control the supply of new houses by how many of them they release for sale. They may be able to build a lot of houses and keep them off the market for a few years, especially if they are not paying much interest on the loan.