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Opportunities abound for local home builders: change in the market giving smaller firms chance to dominate.
- Article from:
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San Diego Business Journal
- Article date:
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June 23, 2008
- Author:
- Randolph, Ned
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Copyright informationCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The falloff in housing prices and lack of land to build homes is signaling the end of an era for public builders and creating new opportunities for San Diego builders to reassert themselves, analysts and companies say.
"A lot of the big guys have left, like the Pultes, Centexes, D.R. Hortons, and KB Homes," said Russ Valone, chief executive officer of MarketPointe Realty Advisors, which tracks real estate trends. "It is a combination that the volumes aren't here--the volumes in Southern California are down so dramatically the big companies have pulled the reins in and consolidated offices--but some of them may have ended up leaving anyhow."
Of all land in the county, ...
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734 words
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