Search
 

Trepidation Remains for Tri-State Builders

VOORHEES, NJ-Builders look for better ways to do business and cut costs.

By Alyson Grala | Updated on February 16, 2010

VOORHEES, NJ-When the economic recession took effect, the real estate and construction industries were hit especially hard. Developers put projects on hold as expenditures rose and funding became increasingly harder to obtain. Many developers changed their focus from building new projects to focusing on selling-out inventory and finished communities, offering various incentives to offset the down housing market.

In order to better understand how builders and developers have changed the way they do business during this difficult period, the Strategic Alliance, a group of eight real estate-related companies, created a survey that was distributed to more than 1,000 builders and developers throughout the Tri-State and Mid-Atlantic regions, as well as Pennsylvania and Florida.

“The target market of the builders who responded ranged from first-time buyers, seasonal homeowners, rental properties, residential homes and 55-plus active adult communities,” says Bill Feinberg, president of Feinberg & Associates, P.C., and founder of the Strategic Alliance. “Many of these builders have mixed-use and multifamily projects lined up, waiting for the opportune time to break ground.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.