News Formal

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

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

St. Augustine builder sees slowdown in 2023 but remains optimistic

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 599. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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.
출처: JaxBizJournal - 🏆 599. / 51 더 많은 것을 읽으십시오 »

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.
출처: JaxBizJournal - 🏆 599. / 51 더 많은 것을 읽으십시오 »

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.
출처: JaxBizJournal - 🏆 599. / 51 더 많은 것을 읽으십시오 »

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.
출처: JaxBizJournal - 🏆 599. / 51 더 많은 것을 읽으십시오 »

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.
출처: JaxBizJournal - 🏆 599. / 51 더 많은 것을 읽으십시오 »

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.
출처: JaxBizJournal - 🏆 599. / 51 더 많은 것을 읽으십시오 »