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Builders Adjust to a Recessionary Labor Market
They aren't having trouble finding workers now, but some worry about the availability and cost of skilled subs once market conditions improve.
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Pulte Acquires Sivage-Thomas
Pulte Homes announced that it had acquired Sivage-Thomas Homes, headquartered in Albuquerque, N.M., in early July for an undisclosed purchase price paid in cash. It controls roughly 7,000 lots, spread across Phoenix, Albuquerque, and Tucson, with about 60 percent of those lots located in the Phoenix market.
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Big Money: Spec's Ripple Effect
Are all-out efforts to sell specs such a good idea? Newspapers are littered with ads offering big discounts on spec inventory. It's possible to wonder whether one can even buy a home pre-sale anymore! Even if you can, why would you, given the discounts builders offer on spec houses?
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