Friday, July 07, 2006

Say something random, why dontcha?

This time from Gabriel Madway of Marketwatch, a Dow Jones product, we have: Brookfield: Second-quarter new orders fall 49%

The Fairfax, Va.-based company currently estimates 1,200 to 1,300 home closing in 2006, down 18% to 24% from 2005. Brookfield said the decline in new orders continues to be primarily in the San Diego/Riverside, Calif., areas and Washington D.C. markets. The decline results from an overall more competitive market environment as resale inventories increase and potential homebuyers take a wait-and-see approach, the company said. (ed: emphasis mine.)

Hmmm... let's see.

If the market were more "competitive", that would mean the same or more transactions going to one or more of your "competitors".

Presumably, the journalist meant more "challenging" but to understand this subtle distinction would be more than could be managed by the mentally-challenged.

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