Home prices are down 60% in Las Vegas.  There are 9,517 brand new unsold homes.  5,600 homes were repossessed in the first quarter of 2010.  And yet builders are working on 1,100 more new homes and looking for land to build more!  It makes no sense yet it’s happening.  What are you doing as a building material manufacturer  to be part of this opportunity?  What other unlikely markets are showing activity?  Read the whole story in the New York Times.

In another positive sign for housing and the economy, home builders are once again buying up land at higher prices.  It wasn’t too long ago that they were selling off land at fire sale prices to get it off their books. Now builders like Pulte are bidding against other builders for lots.  You can read more in the article from the Wall Street Journal.