BUILT FOR SPE Economic temper sw...

BUILT FOR SPE

Economic temper swings. Global uncertainties. Never-ending coverage of "the housing bubble" In what the public thought would be a challenging year for housing, the nation's to one's home builders defied expectations again and again, starting and selling a record number of strange homes in 2002.

WHO ARE THE LEADERS OF the housing pack? Not the manufactured household industry, which struggled with overcapacity. Multifamily also took a hit, as historically cheap mortgage interest rates motivated many to purchase rather than rent. Instead, it was the builders, particularly the BUILDER 100 who employed in an undeniably confident performance last year.