• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Making The Big Bet On Housing

Status
Not open for further replies.

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
There are at least 40 houses visible in this picture, none are sold. All for sale. There were no houses here Jan. 1. The subdivision OTOH was a "greenfield" dairy farm that became a poster child for bad developer decisions. It was vacant for some 12 years. Will it work? I donno. The owner /developer is a CG who went into contracting.

Stitched_002 (Medium).jpg
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
There are at least 40 houses visible in this picture, none are sold. All for sale. There were no houses here Jan. 1. The subdivision OTOH was a "greenfield" dairy farm that became a poster child for bad developer decisions. It was vacant for some 12 years. Will it work? I donno. The owner /developer is a CG who went into contracting.

View attachment 33301
None out of 40 houses sold? Do you know how many are currently pending sales? If a significant number are not pending sales, then this development is likely in deep doo-doo.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Do you know how many are currently pending sales? If a significant number are not pending sales
Only three are listed & they weren't done when listed a couple months ago. Some on one street are 1700 SF, others smaller.
 

AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
Why are they not being snapped up? :shrug:
 
D

Deleted member 134708

Guest
There are at least 40 houses visible in this picture, none are sold. All for sale. There were no houses here Jan. 1. The subdivision OTOH was a "greenfield" dairy farm that became a poster child for bad developer decisions. It was vacant for some 12 years. Will it work? I donno. The owner /developer is a CG who went into contracting.

View attachment 33301

More on an economic sidebar:

My mom and step-dad in the lumber industry for 35 years a piece.

I was just speaking to her. She says lumber/plywood prices are about at all time highs. She said, not hurricane related at all. This is all prior. Pure supply and demand.

Lot of mills didn't make out of recession. Lot of logging regs due to fire control, politics, etc. Main take away there isn't the same supply of logs these days as before. And demand is highest been in long, long time.

So this is really going to put the pressure on builder margins. You're going to have to be so good at forecasting it's not even funny going forward as a builder.
 

gregb

Elite Member
Joined
Sep 3, 2011
Professional Status
Certified General Appraiser
State
California
More on an economic sidebar:

My mom and step-dad in the lumber industry for 35 years a piece.

I was just speaking to her. She says lumber/plywood prices are about at all time highs. She said, not hurricane related at all. This is all prior. Pure supply and demand.

Lot of mills didn't make out of recession. Lot of logging regs due to fire control, politics, etc. Main take away there isn't the same supply of logs these days as before. And demand is highest been in long, long time.

So this is really going to put the pressure on builder margins. You're going to have to be so good at forecasting it's not even funny going forward as a builder.

Natural result of tariffs on Canadian lumber. :)
 

AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
Trouble at the Mill? :sick:

 

techbiker

Sophomore Member
Joined
Dec 4, 2015
Professional Status
General Public
State
Texas
Are those homes even level?! Even if they are, they look miserably cheap, boring and identical.
 
Last edited:

jay trotta

Elite Member
Joined
Feb 8, 2004
Professional Status
Certified Residential Appraiser
State
Connecticut
More on an economic sidebar:

My mom and step-dad in the lumber industry for 35 years a piece.

I was just speaking to her. She says lumber/plywood prices are about at all time highs. She said, not hurricane related at all. This is all prior. Pure supply and demand.

Lot of mills didn't make out of recession. Lot of logging regs due to fire control, politics, etc. Main take away there isn't the same supply of logs these days as before. And demand is highest been in long, long time.

So this is really going to put the pressure on builder margins. You're going to have to be so good at forecasting it's not even funny going forward as a builder.

Builders ? How's the market doing everywhere else (not CA); looks like 40 New Houses with No Buyers from 30,000 feet, somebody jumped into a black hole
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks