Affordable Housing Segment Holds Up

While the overall market is significantly down, when the residential sector is analyzed by price segments, it is easy to see where the biggest declines have taken place. The entire residential market showed a drop of 46% from Q1 2008 to the first quarter of this year. However, the segment at $200,000 or less only dropped 10% over the same period. The higher-priced segments decreased significantly more.