Showing posts with label avatar builder. Show all posts
Showing posts with label avatar builder. Show all posts

Aug 20, 2008

Solivita developer Avatar expects no immediate improvement for the market

Avatar Holdings Inc. second quarter results reported a net loss according to Corporate News release on Aug 11, 2008.

The news release stated in part, "Our sales results continue to reflect the weak market for new single-family and multi-family residences in our markets. We continue to experience a high level of cancellations of sales contracts for homes. We do not anticipate a meaningful improvement in our markets in the near term."

Avatar is a new home builder and developer in the Poinciana Florida area which includes Solivita.

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- Greg Staker - Watson Realty Corp. - 407-304-0255