Despite the rise in housing prices, contractors are in no rush to build.

Despite the rise in housing prices and belying repeated promises by Minister of Housing and Construction Ariel Atias that he is going to flood the housing market, contractors are in no rush to build.
The Central Bureau of Statistics reported that building starts fell in the second quarter of 2010.
Housing starts had risen in the first quarter of 2010 but this was the only such rise in the past seven quarters.
There were 8,959 building starts in the second quarter of 2010, 5.5% down from the preceding quarter