Builders Get Back in Game

Construction of Multifamily Units Expected to Soar in 2010

online.wsj.com/article/SB100014240527487...mmercial_LEFTTopNews

Thanks for the article...good read.

$1 Billion in new starts is not as impressive as the article makes it sound, and it doesn't quite generate euphoria here. Financing is still the problem, and the pain is not over.

NAHB estimate for 2010 MF unit starts has been revised downward from 205,000 to 126,000. In 2009, estimated MF starts were 188,000, but dropped to 130,000 by the end of the year. Both years are paltry by comparison to the previous decades through 2008. Years 1978 - 2008 are at the link below.


www.nahb.org/generic.aspx?genericContentID=554

http://www.prohomesamerica.com

I agree with the NAHB reports. The unit counts can increase but with little or no debt what is a multi-use developer to do? How about 20% equity no take on project if re paid within 36 months of CO? Interested to learn more? Could a new equity player change your game? For more details look at www.buildingsystemsnetwork.com or contact me direct.

Multi-use Construction all backed by BERKSHIRE HATHAWAY owned construction system group Questions?


Grant Smereczynsky
PHA LLC.
www.buildingsystemsnetwork.com
770-888-2761 or 770-231-4462
[email protected]