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Builder Confidence Soars to an All Time High

glenn walker

Elite Member
Joined
Oct 11, 2006
Professional Status
Certified Residential Appraiser
State
California
Once again State and Area Specific. What happens in Virginia is not what happens in California and each state and area has booms and busts. As far as builder confidence , I worked as a site locator for developers for quite a few years and we never met a developer or builder who wasn't confident. They build even when there are no buyers, suck money out of the construction loans and guess what if they don't sell , ya simply tell the bank they have a $10,000,000 problem on their hands, so I only pay attention to my local builder activities. :)
 

David Wimpelberg

Moderator
Staff member
Moderator
Joined
Mar 30, 2005
Professional Status
Certified General Appraiser
State
New York
Ditto; it's area specific. Where I work people cannot get of NYC fast enough, which is significantly increasing real estate activity, including construction, in surrounding communities.
 

Lee in L.A.

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
That soothing light at the end of the tunnel is def a freight train coming our way.
 
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