Birmingham-Hoover metro area building sector hit hard by new-home downturn – al.com


Birmingham-Hoover metro area building sector hit hard by new-home downturn: Birmingham News.

JEFF HANSEN and MICHAEL TOMBERLIN
News staff writers

People use grim language to describe a massive slump in homebuilding that has hit metro Birmingham-Hoover.

“The downturn is devastating,” said Dorothy Tayloe, director of sales and marketing at Hoover’s Ross Bridge community.

“It has been an absolute fiasco,” said Ed Meyerson, a lawyer who heads the construction practice group for Baker Donelson Bearman Caldwell & Berkowitz.

The Birmingham News cited as the source for new home inventories,(see the charts)  and provided background information for the article.

We belive that the accurate , timely reporting of data,even though sometimes discouraging will help the market get better faster. See the whole article by clicking the link above.

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