New Home Sales
 

Are through the roof! We have more customers who want to buy new homes now than ever before. Our foundation contractor moves from one house lot to the next. Company buys tracts of land years ahead of time to develop house lots......but we're catching up fast. It's a bit of a zoo....controlled chaos. I never minded working in a fast paced envirement...but I'm getting towards the end of my career and not enjoying the push we call .... "balls to the walls":rollem:

That’s great to hear. I’ve been very busy too.
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Guys i work for own a crapload of commercial property too... gas stations/convenience stores...apartment complexes etc

Im doing renovations at one of the office units right now ...its a nice change of pace.
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A guy I work with just paid $31,000 OVER asking price for his house. Bidding war because the market is so crazy. Houses are selling hours after they are listed.

I want to build one and sell and move my current place. But the land I am looking at keeps disappearing.

TRUE! I think, because we have 15 1/2 acres, a spring fed pond and 4 outbuilding we are getting R/E Agents bugging us constantly. We are NOT for sale but the offers I have been getting make me think...

Single house lots can be hard to find....and when you do find them you have to be in position to act quickly. We develop lots from larger tracts.....and build custom or spec. As a general rule we wont sell individual lots to customers who want to be their own general contractor or hire another builder.......with exceptions made for people willing to pay a premium price.

Like hearing this,,, means plenty of work for the trades,,, and that’s a good thing

My major concern is the supply chain continuing to slow down or shut down for building materials and supplies... Starting to see some restocking of PT, but up 40-60% from March 1 pricing. Decking still slow to arrive. I ordered mine in early June. Missed the 3-4 day initial expected date. Then the 3-4 weeks date. then the Aug 1st date. Now waiting to see if it arrives next week. Or not. Then roofing is down to four colors and dwindling supply. No rubber gloves for weeks. And on and on. Phuk China... I think we slow down drastically by late November/December.

China sucks....my stair parts supplier sent me five newel posts for a stairway i was building...I opened all five and found them all to be defective junk...I asked him where they came from....CHINA!

Only supply problem we're having is the PT......other than that we are moving right along with several houses being framed at once.
I wouldnt mind a slowdown soon....things are way to hectic right now.
In 47 years of working as a carpenter... I have never been out of work...be it a recession or a pandemic..worked right through all of them....also I believe that I could go just about anywhere and find work...and not just survive but succeed.
I'm seeing help wanted signs everywhere I go. This economy will be stronger than ever after the re-election.

True also. I'm turning down tree clearing jobs weekly. Just too busy with 3 days a week at Franklin CC and my place. Just no time.

Right now...if you want to work...the jobs are out there. All you need is a pulse.
On the other hand if you want to bitch and moan about the China virus and how bad things are....go ahead and milk it for all its worth.
Give weak spineless people an excuse to fail and they will take it and run with it. Bunch of babies imo.

My son told me last week . that they landed another job .1st one in ten years that is going to pour a slab foundation ……………………………………… all the rest are buy them / knock them down to build what they want .
every single hone is a 2nd or 3rd home for the owners ><><

they are very close to be getting a BI job .that,s a tough nut to crash .

but the fisherman [prices] havn,t recovered & I don,t think I,ll be doing it if & when it does....

there is a shellfish transplant next Tuesday in the Providence ………. I,d love to be there & see what these heavy hitters are going to get in a 4 hour period .

I can,t even guess .I know my personal best is 61>> 50# bags in 3.5 hours . now I have to sit in my boat til someone comes buy to help with the empty pail & gas jugs :wave:

Is that slab foundation on BI ? I have a bunch I know the project
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No Nebe on Beavertail Rd

Ahh ok
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When the economy is in recession or sluggish, wealthy people are still going to build that large custom home...or second home.
The company I work for has several large tracts of land to be developed into house lots. Some are large estate lots in rural areas for custom homes up to a million dollars, and others are minimum size lots for much smaller homes.
Right now and for the last few years it is has been mostly the latter, working class and blue collar types, their dream of owning their own home coming true. From my perspective, hard working people who make good decisions will always succeed, and in this very good economic times they are buying new homes in record numbers.
Lazy and unmotivated people will always make excuses for failure.
Poor planing and decision making has repercussions.

He’s talking about Jamestown nebe.
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Lots of smart people holding onto tracts, waiting for that right moment

Developing tracts of land into buildable house lots can be profitable, but there are many pitfalls and obstacles to overcome, and timing is critical.
There is so much involved in the process, tens of thousands of dollars will need to be spent before a single lot can be sold or built upon, and it can take years for approval and permiting from the town.
Starting with the high cost of survey and engineering for roads, planning for utilities ... sewer water gas and electric and then there's the wetlands issues.... Presenting a subdivision proposal to the town officials requires attending a crapload of meetings with an engineer and lawyer in tow.
When a loan is involved, more tens of thousands of dollars in interest, and then real estate taxes.....all this and more before a single dollar in profit can be made. Nothing simple about it.

Got a text from my boss yesterday......well more like a rant.... about how stressed he is, due to the fact that he has five houses under construction that are supposed to be done by Christmas. I've been in this game way too long to even care. Make stupid promises and you must live with them.

We have been offered insane amounts of money for our place lately.

We have a lot of land, a pond and a custom home. Not to mention a 1500 sq. ft. garage/workshop and 3 other out buildings.

The problem is, where the hell would I go????

Somewhere warm where you never have to think of splitting and stacking firewood again U ' be earned it
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Yep, someplace warm, where you can golf and fish year round, get twice the house for half the money, and pay a third of what you pay in property taxes.
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pretty much what this guy said,

We've had a long run of ridiculously low interest rates, get ready for inflation to slow things down.

I suppose but Jeanne's whole family is here and I would have to fight her to leave. Maybe in a couple of years.

My good friends and neighbor of 35 years, decided they could no longer maintain their beautiful home and moved to a retirement community...When I see them I can tell they have some regrets about that decision. In discussing our plans for the future, I told my wife that the only way I'm leaving the house i built by myself 43 years ago.... is in a hearse.

Why leave even then bob?
Clear the family plot now
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Ha ...
I'd be good with that...already got a plot for our dogs who have crossed the rainbow bridge
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