Thu 23 Feb 3:41am CST
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Planning and Development

To Hell With the Banks

Small builders and developers can tap a market for the right kind of homes and build them profitably right now … and they don’t need to depend on bank financing.

Back in 2005 and 2006, loan officers at our local banks here in Denver were calling my builder and developer clients to personally invite them out to lunch, or give them tickets to sporting events. How about a big dinner at a fancy steak house? “We’ve got money to lend you, with great rates and little risk,” the young loan officers would say. Today, they won’t even meet for a cup of coffee.

It Will Never Be the Same

Ideas for an Emerging Market

Higher density development allows builders to get home prices down where they need to be, and allows homes to be designed to today’s changing lifestyles. To serve emerging markets, reconfiguring parcels into smaller lots and detached cluster homes may be the way to go for some small and mid-size builders.

Builders like Perry Bigelow and David Weekley got there first. Now the whole world, even China, is in the midst of a Green Revolution…It seems likely that energy efficient houses will soon be mandated by law everywhere.