My column for the July issue of Builder & Developer magazine is now posted online.
For this issue, entitled "Market Optimism at PCBC," I recounted the unbridled optimism evident at this year's show and also interviewed two builders, one public (Doug Bauer with TRI Pointe), one private (Tim Kane with MBK Homes). An excerpt:
As opposed to the gallows humor and despondent energy of the last several years, the 2013 PCBC — staged for the first time in downtown San Diego — was characterized by a strong optimism, with education sessions now focused on obtaining land, getting financing, growing your organization and building for an increasingly multi-cultural population. At night, besides the Builder's Bash co-hosted by this magazine, there were so many parties being thrown that it would be nearly impossible to hit them all. In summary, the new dawn for which we’ve all been waiting has clearly risen.
During the show, I had the chance to chat at length with two builders gearing up strongly for what we hope is an extended industry renaissance, but these aren’t huge, public builders with operations in multiple markets. Rather, they include the first builder to go public since 2004 (TRI Pointe Homes) as well as an established niche player with the financial backing of a large Japanese conglomerate (MBK Homes). In both of these cases, growth is forecast to be steady and the ability to build multiple product types.
To read the entire July 2013 issue in digital format, click here.
No comments:
Post a Comment