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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…

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April Brings Slight Drop in Builder Confidence

Builder confidence for newly built, single-family homes declined in April by three points to 25, according to the National Association of Home Builders/Wells Fargo Housing Market Index, released today. This is the first time in seven months that the confidence rating has declined. LotNetwork.com looks at the trends behind the numbers: It’s not surprising to see some decline in builder confidence after six straight months of a fairly swift build-up in confidence. There are certainly signs of recovery and optimism in the market, but many consumers and builders are hesitant and cautious about the challenges that still exist in the…

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NAHB: Neighborhoods with New Homes are Preferred

April is new homes month, and The National Association of Home Builders found that consumer preference for new homes extends beyond four walls. Owners of new homes tend to like their neighborhoods more than people who live in homes older than four years. More details from NAHB Eye on Housing.   Related articles NAHB Builder Confidence increases in May, Highest since May 2007 (woodonfire.wordpress.com) Homebuilder confidence picks up in May (bizjournals.com)

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