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Friday, July 07, 2006

Housing: Ohio and Kentucky

by Calculated Risk on 7/07/2006 07:13:00 PM

The AP reports: Dominion Homes 2nd-Quarter Sales Slip 46 Percent on Cooling Real Estate Climate

Dominion Homes Inc., which sells homes and offers mortgage financing services, said revenue from home sales dropped 46.2 percent in the second quarter, compared with the same period last year.
This would be no surprise in Florida, Boston, Phoenix or SoCal, but ...
The homebuilder said the decline in sales, deliveries and backlog reflects the cooling residential real estate climate in the company's markets, primarily central Ohio and the Louisville, Ky., area.
I believe the housing slowdown is geographically widespread; not just on the coasts.