The year 2016 was an eventful one for home building.
Since the GIs came home from World War II, this country's high-production home builders have had one dominant product: single-family homes built in subdivisions at about four units to the acre. Repeating that product, over and over, allowed the biggest builders to evolve into mass-production machines.
According to Dr. Jack ReVelle, Six Sigma expert and quality guru, the average home has more than 60,000 points of failure during the building process. Having superb customer satisfaction scores means lessening those points of failure and doing a lot of things right throughout the home building process.
Giant Market: San Diego After unprecedented levels of price appreciation, the San Diego market has returned to normal market conditions. Three factors have contributed to the softening of the market: While some overpriced situations exist, market demand and supply is largely in balance. The 19,400 jobs created in the last 12 months exceed construction levels by 23 percent, which is a healthy de...
Eric Wittenberg is a third-generation builder and a student of the work hard, play hard school. When he relocated from Southern California to Colorado about five years ago, he left behind his scuba gear, but held on to a personal debt of gratitude for those who helped guide him along the way. He says being people-oriented is critical to his role as president and chief executive officer of McSta...
Even though she slipped quietly into the room, every person stopped what she was doing to look. Her sales people wouldn't admit it, they were awe-struck by her presence. Sales meetings were fast paced, action packed, full of information and everyone participated. After all, every one on the team was handpicked.
With the cost of land climbing and resistance to suburban sprawl mounting in some areas, GIANTS are looking for alternatives to business as usual, seeking options that will help them achieve and maintain the growth Wall Street expects. Large builders are taking on infill projects — brownfields as well as land skipped over in previous developments — that are more indigenous to smalle...
Building stocks and the major markets took a hit this month as oil prices jumped to record highs. Hurricane Katrina devastated petroleum refineries and the uncertainty of the storm's effects forced markets downward. "The president of the Philly Fed is saying the Fed has to adapt to changing circumstances," said Todd Leone, managing director of equity trading at SG Cowen Securities.
Featured Major Market: Houston Houston has steadily risen from a relatively small housing market in 1987 to the third largest housing market in the country. Houston has always been known for its pro-growth, pro-developer attitudes, which has lead to periods of overbuilding in the past. We were concerned about potential overbuilding in Houston until Hurricane Katrina hit New Orleans.