Yes -- we just finished Year One of the recovery - at least 3 more ( at 20% CAGR ) to get back to normal building levels. New home sales were up over 40% in West -- SPF's market -- where Existing Home Inventory is very very low.... people are turning to new construction ( no Investors, no short sales, no banks to deal with)... and you get what you want - fully renovated.
With a Warranty for 10 years. the asian buyers prefer new. San Diego has been hot even in the down turn and SPF broke ground on the first phase of a huge master planned community in north County I bought some more Monday early at 7.65 I had my exit set at 7.94 it neared it so i moved it to 7.99 10K shares will net me around 3K for 24 hours of exposure that dip Monday on the Italian election was was over played Good to hear from you Greg! I hope you weather is treating you well.
our cold snap is ending 69F today and 80F by Friday! here comes the summer!