As an agency that has been helping construction industry professionals overhaul and optimize their marketing efforts for years,weI've seen our fair share of crises come and go.
Zonda’s New Home Lot Supply Index indicates an upcoming shift in the market dynamic which may pose challenges for some of our builders.
“Now is the time for our builders to ramp up their marketing efforts and collect as many contracts as they can now. They need to plan ahead on the marketing strategy front as well as figure out how their business needs to change in the next 1-2 years. CLB is ready and able to help our members through all kinds of business cycles, especially during times where the market dynamic ahead appears to be somewhat challenging.” ~ Mike Myers, CLB Network
New Home LSI: New home lot supply drops to cycle lows
The New Home Lot Supply Index (LSI) came in at 63.5 for 3Q2020, representing an 8.9% drop from 3Q19. On a quarter-over-quarter basis, supply declined by 3.7%.
“The hot housing market comes with a unique set of challenges. We should expect land prices to rise with multiple offers and for some builders to temporarily gap out on lots.” ~ Ali Wolf, Chief Economist at Zonda Economics
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The Certified Luxury Builders Network leads luxury builders to greatness. Since 2016 CLB Network and builders across the nation with annual sales ranging from $5M - $50M have worked together to deliver a 5-Star experience and become market-leaders. Working with one great company at a time, CLB gives builders the tools, training, and support to achieve success in Quality, Profit, and Pipeline freeing leadership to work on—not in—their business.
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