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Home : Construction Loan : New Construction Loan : MSN Newsfeeds : Highest Home Supply Since '82 Seen Needing 50% Cut (Update1) - Bloomberg

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Highest Home Supply Since '82 Seen Needing 50% Cut (Update1) - Bloomberg

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Aug. 7 (Bloomberg) -- Hovnanian Enterprises Inc. , New Jersey's largest homebuilder, cut the number of unsold houses by more than 50 percent over the past two years after lowering prices and still had 1,500 on its books as of April. ``We pretty much ...

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