In yesterday’s News at Noon, Michigan Retailer Jim Dietrich commented that we may be moving into simpler times. ( http://www.mhmsm.com/blogs/daily-business-news/a-housing-market-report-from-michigan.php A recent Associated Press story in the New York Times provides what may be additional evidence. According to the article, luxury home builder Toll Brothers report its new home contracts fell 27 percent in the most recent quarter. This is despite a market segment unemployment rate that’s half the national average. The company did report increases in Manhattan high-rises, as well as near Philadelphia and Charlotte, North Carolina.
