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But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. The fact is, many home builders still own too much land on their balance sheets, a risk heightened by the current health crisis. . Reducing Land Risk.
While some markets such as Phoenix, Tampa, and Riverside-San Bernardino are seeing the most demand, land demand remains strong across the country. Builders that start many speculative homes are selling the most homes, and non-spec builders are raising prices because they do not have inventory. Read More. . Planning + Development.
CNBC reports that builders continue to receive a steady stream of buyers, due largely to the record low housing inventory and mortgage rates. Single-family builder confidence remained unchanged this month from last, resting at a high 83 amid a hot housing market and rising building materials costs. Any number above 50 is seen as positive.
After several years in Atlanta, he currently resides in Tampa, Florida, with his wife and two sons. FM Global is one of the world’s largest commercial and industrial property insurance and risk management organizations specializing in property protection. working in various parts of the country since 1997. Chris Moor, Chair.
After several years in Atlanta, he currently resides in Tampa, Florida, with his wife and two sons. FM Global is one of the world’s largest commercial and industrial property insurance and risk management organizations specializing in property protection. working in various parts of the country since 1997. Chris Moor, Chair.
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