[SeeSac]

Any analysis about the price per square foot? Is this simply because builders are only building smaller, cheaper houses?

You got it. The sales are mostly with new homes and they are building them smaller right now.

[SC_Pete]

Excellent point. Toll Brothers is making mini-McMansions (toy not included with the kiddie package).

[Defiant]

Not just smaller, but I would bet that they are building them more basic, too—none of those spa tubs and fancy master suites.