Builders Get Back in Game

#2957

Builders Get Back in Game 1 Year, 11 Months ago	Karma: 0
Tweet Share Construction of Multifamily Units Expected to Soar in 2010 online.wsj.com/article/SB100014240527487...mmercial_LEFTTopNews Enter code here Please note: although no board code and smiley buttons are shown, they are still usable.

Bill E. Nettles

Fresh Insider

Posts: 6

Last Edit: 2010/03/08 09:36 By InsiderBrent.

#2958

Re:Builders Get Back in Game 1 Year, 11 Months ago	Karma: 1
Tweet Share Thanks for the article...good read. Enter code here Please note: although no board code and smiley buttons are shown, they are still usable.

Robert Laing

Fresh Insider

Posts: 5

#2959

Re:Builders Get Back in Game 1 Year, 11 Months ago

$1 Billion in new starts is not as impressive as the article makes it sound, and it doesn't quite generate euphoria here. Financing is still the problem, and the pain is not over.

NAHB estimate for 2010 MF unit starts has been revised downward from 205,000 to 126,000. In 2009, estimated MF starts were 188,000, but dropped to 130,000 by the end of the year. Both years are paltry by comparison to the previous decades through 2008. Years 1978 - 2008 are at the link below.

www.nahb.org/generic.aspx?genericContentID=554

Sam Boykin

#3043

Re:Builders Get Back in Game 1 Year, 10 Months ago

[img]http://www.prohomesamerica.com[/img]

I agree with the NAHB reports. The unit counts can increase but with little or no debt what is a multi-use developer to do? How about 20% equity no take on project if re paid within 36 months of CO? Interested to learn more? Could a new equity player change your game? For more details look at www.buildingsystemsnetwork.com or contact me direct.

Multi-use Construction all backed by BERKSHIRE HATHAWAY owned construction system group Questions?

Grant Smereczynsky
PHA LLC.
www.buildingsystemsnetwork.com
770-888-2761 or 770-231-4462
bsnbuilder@bsnmail.com

Grant Smereczynsky

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