St. Augustine builder sees slowdown in 2023 but remains optimistic - Jacksonville Business Journal

Finishing off what has been the best year in company history, MasterCraft Builder Group President and FounderThat does not mean he anticipates any kind of collapse in the industry. That means that even as he scales back expectations, Shee said his top priority is to keep his team of about 40 employees together because he feels activity will bounce fairly quickly.

This year, MasterCraft will close on about 120 homes. Shee expects to sell around half of that total next year, due mostly to the slowdown caused by interest rate increases. "It wasn’t until this year that things started stabilizing — labor stabilized, lumber costs came down. We were all very optimistic, and then interest rates hit us. It has really crippled our industry."

"We’re undersupplied on housing on national level and a local level. Everyone’s that’s buying homes is living in them."Rob Dietz, chief economist at the National Association of Home Builders, said most builders are thinking"this is going to be a moderate downturn,” he said in an October post on Bankrate.com.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

CEO Insights: Where JWB's Alex Sifakis sees downtown going in 2023 - Jacksonville Business JournalJWB Real Estate Capital President Alex Sifakis offers insights into the challenges and opportunities 2023 will bring.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »

CEO Insights: Where JWB's Alex Sifakis sees downtown going in 2023 - Jacksonville Business JournalJWB Real Estate Capital President Alex Sifakis offers insights into the challenges and opportunities 2023 will bring.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »

Big projects, big moves mark 2022 for Jacksonville Port Authority - Jacksonville Business JournalWhile finally getting deeper water in the shipping channel was a highlight of the year, other big moves also shaped the maritime landscape.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »

Jacksonville-area homebuilding retreats after hitting 'unsustainable' pace - Jacksonville Business Journal2022 wasn't quite as busy for builders as 2021 due in large part to interest rate increases.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »

Jacksonville University extends President Tim Cost's contract through 2027 - Jacksonville Business JournalCost has helped the university grow, adding a law school and a medical school.
Fonte: JaxBizJournal - 🏆 599. / 51 Consulte Mais informação »