Latest responses to “Current Glut Of Homes Will Drive Housing Prices Lower” Copyright 2012, MoneyBlueBook.com 409300 2007-11-28T11:45:25-08:00 Raymond Well many builders have already invested heavily in building projects to the point of no return but seeing the slide in the housing market, rather than writing off everything as a loss, many chose to convert projects in rentals (particularly for condos). There are limited pockets of growth out there and housing construction will never come to a complete halt...it will just slow to a trickle. I live in an area where many condo projects were underway when the housing bubble popped. The have ALL since been converted into rental units and are presently half-way built. 409310 2007-11-28T11:35:25-08:00 KMC Something I can't figure out. I assume you're correct in writing that builders are reporting terrible demand (frankly, I haven't been reading up on them). So why do they keep starting new developments and building houses? I don't know the home building business, so I just don't know why this continues to happen. Any idea? 409290 2007-11-28T08:34:08-08:00 Mrs. Micah I'd been worried that we'd never get a house with all the prices going up. But now that they're coming down it seems more like a possibility (someday).