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Small Builders Say Opportunities from the Fallout Are Rare

Big builders are walking away from land options by the millions, so it might be logical to assume that there are plenty of land deals waiting for small- to mid-sized builders. While The Orange County Business Journal ran a story last week that reported how local builders now have land opportunities that weren't available to them 12 to 18 months ago, by and large most builders around the country don't report similar opportunities. "In talking with a couple of mid-size builders they say the big guys are walking away from deposits, but the sellers have not come down in their expectations of the land's value," said Jim Williams, executive vice president of the Northern Virginia BIA. More

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