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Selecting a builder based on how they are doing as a company

Everyone loves numbers and I know several that always intrigue people-

In 2005, there were over 700 home builders in the Boise Idaho area pulling permits. Last year only 160 were left! That may sound interesting but what does it mean? Well, the first point is that there was plenty of demand to entice many people to decide to follow the money and become a builder. As time went by and demand fell only solid builder companies are left. Builders who understand not only what clients want but also how to run a business.

BuildIdaho.com is constantly providing informative and actionable intelligence but how can you benefit from this information. A lot of builders went into HOLD mode, meaning they stopped building spec homes, stopped marketing their company and just went dormant. Many of them are out of money to rebuild a company but some are anxious and determined to start again. The prospctive home buyer of course is not easily found by builders unless they have Move in Ready homes, a subdivision to market in or some other opportunity to promote thier company. Consumers on the other hand have multiple opportuniteis to find builders who are hungry and willing to bid on jobs in this competitive environment.

I say this cautiously because there are a lot of wanna be builders lurking for opportunity who may not be high calliber people or first class builders. You still have to do your homework but if you search you may find a builder looking for opportunity to bubld again or even just stay busy.

It is your best interest to get bids, meet builders and due your due diligence but there is opportunity right now. Even succesful builders are anxious to maintain market share.

 

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Trey Langford

 
Posted by tlangford at 2/8/2010 11:02:00 PM
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Samantha Dunn, Idaho Real Estate Agent

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