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Home builder stocks to homes in foreclosure 24/7 Wall Street.
Has put together some numbers and rank the top five states with the most times and foreclosure -- And -- here they are number five would be new York and then after that you have Nevada Illinois.
Counting down the list of the top two New Jersey and then at the very top of the list your top five states foreclosures which is Florida and still are.
You know -- California on the top five there as we mentioned home builder optimism rising for the fifth straight month.
In February but are these are good numbers proving too little too late for some construction company.
That's where Jeff Flock comes into the equation do you cities in Geneva Illinois so we have a home builder turned hardware store on your the door so maybe you'll go back to homebuilding -- -- You know -- interest -- you got the bookends of this story right there which is some positive news about.
New home construction but then the other thing with foreclosures -- chapel check who has been building homes in the Chicago suburbs for how many years 2828.
People are actually trying to fix their homes up more because they can get a deal on a foreclosure right.
Yeah for sure the with the depressed housing market there are a lot of deals out there now this man who usually we you'd see him dirty at a construction site somewhere built -- some well now here's what he did he said you know what.
I got to do something different here because this is not fly and for me right now so he opened an old ace hardware store in Geneva.
That had been shuttered didn't didn't make it through the recession.
C this is something that he.
You know you saw a lot of your buddies go out of business and you wanted to have something else to do the I guess you could say hedging -- on the economy in.
-- through the seventies I knew things didn't seem like -- -- always last forever in that you know to have some off.
Back up somewhere you've seen the seventies and what that looked like there so you opened this store now some people would say cheese and ace hardware -- -- got all this competition from Lowe's and Home Depot on -- let's sort of thing why do you think this makes sense for you.
I think -- been in Geneva in the sense of community and how they feel about their local stores in that.
You know maybe we're not here to put an addition on your house but to keep up -- your house like he says get in get out get on with your life.
People really missed they're downtown hardware store and be at exactly the old downtown hardware store you know we thought that the home depots -- the lows we're gonna take that over well actually.
There's a trend back toward that -- to fixing up homes.
Kind of fifths and some -- maybe -- -- get back to the business -- for all your reporting is correct in this the home index is correct.
Actually build new homes are now again to pretty good job -- making it through and adjusting to all that Jeff thank you Jeff Flock thanks --