JEFF HANSEN and MICHAEL TOMBERLINNews 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.