Housing Giants - November 24, 2008 - (Page 7) Viewpoint By Bill Lurz, Senior Editor Don’t give up on Developing lanD Do what you need to remain flexible, Bill says in his latest blog. many builders I’ve spoken to over the past few months have told me they’ve stopped looking at acquisition deals for raw land and suspended all land development operations. It’s a logical step right now, when many housing markets have such a surplus of alreadydeveloped lots that you can buy lots for less than it would cost to develop from scratch. Still, my advice is to stay flexible, with the ability to jump back into land development fast, if and when it makes sense to do so. In the first place, if you build in a market where you needed to develop land in the past, it’s probable that the market will eventually return to that state of affairs — the only question is when. Secondly, infill is likely to be the name of the game for many builders for the next five years or more — location is now more important than ever. And many of the best infill sites will require land development, not to mention rezoning. A few very astute builders have alerted me they never say never. “We’ve always been primarily a finished lot buyer,” says Bill Saint, CFO of Charlotte, N.C.-based, Video editorial Get the right land now for mixed-use developments. www.Housinggiants.com 11.24.08.Housing giants http://www.housingzone.com/blog/1360000536.html http://www.housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - November 24, 2008 Housing Giants - November 24, 2008 Contents Viewpoint News & Moves Process Processes: Mortgage Check Housing Giants - November 24, 2008 Housing Giants - November 24, 2008 - Housing Giants - November 24, 2008 (Page Cover1) Housing Giants - November 24, 2008 - Housing Giants - November 24, 2008 (Page Cover2) Housing Giants - November 24, 2008 - Housing Giants - November 24, 2008 (Page 3) Housing Giants - November 24, 2008 - Housing Giants - November 24, 2008 (Page 4) Housing Giants - November 24, 2008 - Contents (Page 5) Housing Giants - November 24, 2008 - Contents (Page 6) Housing Giants - November 24, 2008 - Viewpoint (Page 7) Housing Giants - November 24, 2008 - Viewpoint (Page 8) Housing Giants - November 24, 2008 - Viewpoint (Page 9) Housing Giants - November 24, 2008 - News & Moves (Page 10) Housing Giants - November 24, 2008 - News & Moves (Page 11) Housing Giants - November 24, 2008 - News & Moves (Page 12) Housing Giants - November 24, 2008 - News & Moves (Page 13) Housing Giants - November 24, 2008 - Process (Page 14) Housing Giants - November 24, 2008 - Process (Page 15) Housing Giants - November 24, 2008 - Process (Page 16) Housing Giants - November 24, 2008 - Process (Page 17) Housing Giants - November 24, 2008 - Process (Page 18) Housing Giants - November 24, 2008 - Process (Page 19) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 20) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 21) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 22) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 23) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 24) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 25) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 26) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 27) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 28) Housing Giants - November 24, 2008 - Processes: Mortgage Check (Page 29)
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