[4RE KLR]

I went out today and did some due diligence for a new community I am considering putting together.

Every single development I went into has closed. They are no longer even taking deposits for build jobs if you want a new home. They have a few that are completed and then they are planning on closing up shop and selling off the lots.

Mind you these are national companies not Maw & Paw builders. I was amazed that this has happened in the last two months here. There is NO new construction going on in the volume builders world right now. I was told by several of the communities that they have returned a few peoples down payment and told then to go look elsewhere as they were no longer building new homes.

WOW. This is just the beginning folks, hang on because this one will make the eighties look like a cake walk.