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

By all indications, the U.S. economy is slowly recovering from the Great Recession. There are all sorts of numbers and metrics used to take the temperature of the economy: The unemployment rate and other “jobs numbers” Consumer confidence Retail sales Manufacturing inventory levels Housing starts Building permits In the real estate and home construction industries, especially, there seems to be good, reliable data to gauge and assess the health of the marketplace, such as residential starts,  construction spending, new home sales, existing home sales and home value trends. Where is the Development Industry’s Standard? But to date, we’ve found no…

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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…

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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…

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