|
|
Article: Slowing of Housing Sector Not Expected to Effect Hamptons Luxury Homes.
- Article from:
- Business Wire
- Article date:
- July 27, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BRIDGEHAMPTON, N.Y. -- Hamptons Luxury Homes, Inc. (OTCBB:HLXH), a nationally recognized and award-winning luxury homebuilder of custom estate homes, today said the slowing in the general housing and construction markets is not expected to have an effect on the company's business.
"We are generally immune to these types of economic downturns," said Roy Dalene, President and CEO of Hamptons Luxury Homes. "It has been our experience throughout various market cycles, that our clientele, who represent the top one percent of the nation's wealth, are not affected by mortgage rates or other economic factors that might contribute to a difficult situation for other ...