I don’t know if they are being starved but I was up at Davidson’s project in La Costa Oaks a couple weeks ago and they seemed pretty stressed. Davidson is a high end award winning regional track builder without the deep pockets of the nationals. They released a phase in April and had only sold 1 or 2 homes. They said they had another phase to release but couldnt do so until they sold some of what they had. They were pretty much begging for offers and said they were very flexible for quick closes and as is sales (i.e. no flooring installed prior to COE). They usually build a great product but this one has lousy floorplans. If they have the same situation going on at a few other projects in SD they could find themselves in real trouble. I’m wondering whether they are starting to get calls from the bankers.
