Fall 2010 issue of Horizons

Home Builders – continued

Banking requirements will be tighter and more restrictive. It is anticipated that builders will operate with less land and fewer specs and models. Options and joint ventures will become commonplace. Many opportunities exist to purchase “revalued” lots. Banks which have “taken back” lots through various actions have begun to sell lots that reflect today’s current market values. With fewer competitors in the market, the survivors should once again become profitable, but overall, the industry needs to do a better job of promoting and communicating to the market the “once- in-a-lifetime” opportunities that exist for home buyers. These include record low interest rates and tremendous value in the marketplace. For more information on ways RubinBrown can assist you and your business, please contact us.

RubinBrown Partners Felicia Malter and Steve Hays recently presented home building trends and statistics to the members of the St. Louis Home Builders Association.

RubinBrown’s Home Builders Services Group

Steve Hays, CPA Partner-In-Charge

Glenn Henderson, CPA, CFP Partner Tax Consulting Services Group glenn.henderson@rubinbrown.com 913.491.4429

Home Builders Services Group larry.rubin@rubinbrown.com 314.290.3336

Jim Massaro, CPA Partner

Felicia Malter, CPA Partner Home Builders Services Group felicia.malter@rubinbrown.com 314.290.3249

Tax Consulting Services Group jim.massaro@rubinbrown.com 303.698.1883

Raise Your Expectations

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