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Tag: Home construction

Lots and Land Development: How do you know when the Market is Ready?

Land development tends to be one of the riskiest roles in the housing industry, so for land developers it is important to know that the market is ready for a new project to avoid taking on excessive risk. What are the tools or metrics that land developers can use to analyze housing markets and help them evaluate whether the market is ready for developing land into lots for new home projects? Risks of Land Development Land developers are at the front-end of new home construction. Land developers typically borrow and advance the funds that are needed for them to pay for…

Home Builder Loan Market…Not So Terrible?

Whether it’s houses, land or lots for sale, too many in the real estate industry have seen deals fall apart because of the tight lending market over the past few years. Words to describe the lending market in recent years might include: “terrible”, “non-existent” or “impossible”…making a report of “neutral” something to celebrate. The NAHB recently issued its “Survey on Acquisition, Development & Construction Financing” for the second quarter of 2012, which describes homebuilders’ and developers’ current experiences with the availability of loans for land acquisition, land development and home construction. What can we glean from the survey? Our key…

Choosing Your Builder: Tip #2 for Buying Lots and Land

Today we’re looking at the second of our 8 Tips For Buying Residential Lots and Land for a New Home. So you think you’ve found an area, neighborhood or even lots for sale that fit your community style. Well, at the same time you should be evaluating potential home builders – or even just the types of builders – that you may want to use. Know Your Options Investigate your home builder options carefully. Some vacant lots or land for sale allow you to use any builder you want, but in other areas your choices for builders may be more limited…