Top Builders - "Beginning of the End"

“This is the beginning of the end of the housing bonanza.” - David Hill, CEO of Kimball Hill Homes
“I'm worried.” - Larry Webb, CEO of John Laing Homes
“I'd be surprised if the market [for starts] is off by more than 10 percent next year.” - David Weekley—chairman of David Weekley Homes

Quotes taken from a Las Vegas builder convention. Builders are expecting a rise in construction costs and a softer market. Toll Brothers has cut forecast for this year. Have builders learned from the mistake of the builders in the last bust cycle?

Builder Online - "A Cautionary Tale" (12-1-2005)