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As materials prices rise, margin pressures intensify

Posted by   /  April 11, 2018  /  Real Estate  /  No Comments

home building

Momentum at the lower-end calls for a double-down on discipline on per-square-foot costs to preserve profit and keep prices within reach of entry-level buyers. By John McManus | Builder For the hot entry-level and first-time home buyer market, calculus-changing materials price increases do a number on gross margins. The math of margin erosion can add […]

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Amazon’s latest incursion in housing has a familiar ring to it

Posted by   /  March 2, 2018  /  Real Estate  /  No Comments

Home technology’s troika–Alphabet, Amazon, and Apple–see homes, communities as a networked distribution platform for products and services like home security. By John McManus | Builder Home builders, apartment developers, and remodelers have an intimate relationship with what consumers spend more money, more time, and more emotional investment in than in any other facet of their lives: their […]

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[EXCLUSIVE] All that traffic you see is homebuyers

Posted by   /  January 12, 2018  /  Real Estate  /  No Comments

By Callan Smith | Rose Law Group Reporter etro Phoenix home builder’s sales offices saw more homebuyer traffic than in the past 11 years, before the downturn, said Jim Belfiore, president of Belfiore Real Estate Consulting.  Before a group of industry insiders at his Quarterly Housing Market update on Thursday, Belfiore reported traffic levels were up […]

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How U.S. home builders can attract global buyers

Posted by   /  January 4, 2018  /  Real Estate  /  No Comments

Six tips and tricks for understanding foreign buyer segments, meeting their needs, and ultimately making the sale. By Mary Salmonsen | Builder In 2007, California-based builder MBK Homes was building a community of three-story live/work townhomes in Gardena, Calif. When it came time to devise the project’s name and vision, Rick Fletcher, MBK vice president of […]

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South Carolina builders cite shortage of trade workers

Posted by   /  November 7, 2017  /  Real Estate  /  No Comments

Builder Much like home builders nationwide, builders in Spartanburg, S.C. say they’ve seen a shortage of skilled labor this cycle after the housing slowdown forced many people to change careers, reports Bob Montgomery, a staffer for GoUpstate. Longtime builder Manning Lynch adds that a pool of younger trade workers has not been sufficient to replace those who have […]

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A look ahead at ‘entry-level 55+’

Posted by   /  October 24, 2017  /  Real Estate  /  No Comments

An explosively growing market for less-well-heeled retiree housing. By John McManus | Builder Home builders might be encouraged by the growing sense of optimism among Americans nearing retirement. That 55+ customer, whether he or she is looking for an age-targeted or -restricted community or prefers a home in an age-integrated neighborhood, the 55+ age group represents […]

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Trump’s immigration crackdown Is making new homes more expensive

Posted by   /  August 29, 2017  /  Real Estate  /  No Comments

By Margaret Newkirk | Bloomberg Last year, Jim Brown and other home builders around Atlanta could get a good framing crew at a rate of $3.25 per square foot. This year, the few framers they can find demand, and get, almost double that. “They can ask anything,” Brown said. “There aren’t enough of them left.” A […]

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Shares of home builders look pricey, vulnerable; affordability strained

Posted by   /  August 22, 2017  /  Real Estate  /  No Comments

Building homes not nearly as good a business as investors think it is, says The Wall Street Journal. S&P Dow Jones Indices’ broad index of home-building shares has risen 31% this year versus a gain of 8% for the S&P 500. Among the factors behind the rally: On a price-to-book basis, the shares of many […]

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Home Builders’ Confidence Rises in Anticipation of Trump Administration Boost

Posted by   /  December 16, 2016  /  Real Estate  /  No Comments

Measure of industry sentiment reaches highest level since July 2005 By Eric Morath | The Wall Street Journal WASHINGTON—Home builders are confident President-elect Donald Trump’s policies will deliver a boost to their industry. The National Association of Home Builders’ sentiment measure, released Thursday, rose in December to the highest level since July 2005, near the […]

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Pollack: Overall, not a bad week

Posted by   /  October 24, 2016  /  Economy, Real Estate  /  No Comments

The Source for Information and Analysis on the Arizona Economy and Real Estate ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE October 24th, 2016   The Monday Morning Quarterback A quick analysis of important economic data released over the past week It was a busy week for meaningful economic data and most of the news […]

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