Now that new home sales have hit a crawl, what is the best option for builders that still have huge parcels of land.
1. Sell off the land and bail
2. Build out the rest of the developement and auction off the homes
3. Put them on MLS and lower the price 10K a month until they sell
4. build as they sell and take a few years to sell
5. Fire sale them all with huge incentives and buydowns.
6. Wait and do nothing.
7. Build smaller homes for less money.
Keep building like it’s business as usual, ignoring the inventory that isn’t selling, all the while dumping stock at any opportunity they get. Then, declare bankruptcy and enjoy all the $$ that they made off this mess.
Keep building like it’s business as usual, ignoring the inventory that isn’t selling, all the while dumping stock at any opportunity they get. Then, declare bankruptcy and enjoy all the $$ that they made off this mess.
Keep building like it’s business as usual, ignoring the inventory that isn’t selling, all the while dumping stock at any opportunity they get. Then, declare bankruptcy and enjoy all the $$ that they made off this mess.
All of the above. If you check the various builders, many of them will take different routes. As far as raw land that they haven’t graded or invested in any infrastructure, they will dump it and most don’t own it outright, just have options for it.
All of the above. If you check the various builders, many of them will take different routes. As far as raw land that they haven’t graded or invested in any infrastructure, they will dump it and most don’t own it outright, just have options for it.
All of the above. If you check the various builders, many of them will take different routes. As far as raw land that they haven’t graded or invested in any infrastructure, they will dump it and most don’t own it outright, just have options for it.
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