Long Island won't experience the catastropic slump in new construction because developers haven't overbuilt houses on spec, Michael Watt, the new head of the Long Island Builders Institute, tells Newsday in today's paper. "A lot of guys nationally built homes, even divisions, on spec because everybody was flying high, and then all of a sudden they got stuck with a ton of product," he says. Read the full report here.
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What could turn around LI's new construction
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