It's a common lament among home builders: Land is hard to come by. In places like California, what they mean is there isn't that much land suitable for building on in the first place. It doesn't help either that in many popular areas the entitlement process -- the regulatory means by which developers obtain the proper zoning and planning approvals for their projects -- can easily stretch for five years and more. Even though they make their money by building and selling houses, the home builders may soon see it as a blessing that they don't have a lot of land on their hands. If the housing market cools substantially -- and data about the number of months' supply of houses for sale at the current sales pace would indicate we are already seeing some slowing -- an oversupply of build-ready land is the last thing you want on your books. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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