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But builders aren’t completely ready yet to declare the housing downturn over.
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The state’s economy remains weak, but home buyers aren’t as scarce as they were a year ago.
But economists and analysts cite many factors that could impede growth.
In some markets builders are attracting buyers with mansion-sized homes at cottage-size prices.
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Capital and where to find it remain the primary imperative.
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Non-investor buyers have also been stirring, showing signs that they plan to jump in soon.
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While active adult builders still report low sales numbers, industry watchers say the market is poised for a strong comeback.
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Eleven of the nation's 20 largest metro areas reached new cyclical lows in January.
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February's low numbers are causing some to call a double dip while others write off them off as a blip.
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Price declines hit across the country as new homes competed with their distressed counterparts.