Show:
Industry Overview
Sales&Marketing
Land Acquisition
Financing
100
Discussion Time!!!
Compared to commercial and industrial construction why is residential usually labeled as being the riskier market?
100
True or False. Not knowing your customer base is an obstacle when getting into a new market.
True
100
True or False. Small-volume builders typically purchase sites that have never been developed.
False. Small-volume builders typically purchase sites that have previously been developed.
100
True or False. Mortgages are fixed interest rate loans for potential homeowners.
False. They could be fixed or adjustable interest rates.
200
What are the two categories of homes listed in the text?
Single Family and Multifamily.
200
The ____ of the project should be flexible when selling to different potential homeowners to accommodate their preferences.
Design
200
Discussion Time!!!
What role do developers play in green building?
200
What are some qualifications that national lenders require from remodelers in order to offer financing?
Time in Business Annual Sales Personal Credit Solid Business and Reputation
300
What are the four different types of builders in the industry listed in the text?
Remodelers, Custom Builders, Semi-custom Builders, and Production Builders.
300
What are the two preliminary steps that sales and marketing rely on?
Market analysis and a project feasibility study
300
What is a "Brownfield Site?"
A site that has been previously developed.
300
What are two reasons that it's beneficial for a construction company to have a good and established credit?
Lower Insurance Rates Higher Bonding Capacity
400
What is the difference between a custom builder and a semi-custom builder?
Semi-custom builders may have a portfolio of designs, have limited land holdings, and construct speculative homes.
400
Discussion Time!!!
What are some of the challenges that builders face when entering a new market?
400
How can the Endangered Species Act affect a construction project?
Authorizes the federal government to regulate the activities that may impact endangered or threatened species and their habitat.
400
Daily Double! What are some of the advantages of having a Revolving Line of Credit?
Lower Interest Rates Associated transaction costs are usually lower Ability to spread cost Ability to control workflow
500
How many remodeling firms are there in the USA?
Approximately 75,000. (11,000 industry members in NAHB).
500
______ rates are defined as how many months supply of homes there are in a given price range in a given market.
Absorption
500
What underground utility is typically placed/installed first on a construction site?
Sanitary and storm water sewer mains.
500
Discussion Time!!!
What are some financial qualities you would look for in a company to ensure employment stability?