Observation of the housing market in the months since last August’s meltdown in the secondary mortage market shows increasing signs of stress among the homebuilders. In addition to numerous further postponements, some builders have started throwing in the towel on certain communities. Here is a summary of what is updated and new since my initial post on this subject in October of 2007.

One source of particular interest and discussion is Orchard Hills. Originally slated for opening in late 2007, this was officially pushed back to 2009, and only a few months later the website is showing 2011.

Although a dissappointment to some Irvine Housing Blog