Everything is relative.
Prior to the last financial collapse (2003-2005) TV was selling/building/closing over 400 homes per month. In many cases homes were allocated and or sold lottery style....they were so much in demand.
Then there was the financial collapse....TV sell/build/close rate DROPPED to 150-200 homes per month.......generating comments like we are seeing/hearing today......sales way down....lack of interest.....I always ask how many developers in the world would like to have TV problem of slow business at 150-200 per month.
I would think there is a magic number for build rate that TV that optimizes costs and they would try to maintain that rate as long as practical.
I would also comment that the term lack of interest, in my opinion, is not so accurate. The Covid-19 environment is keeping realtors from showing....keeping buyers from traveling/staying at hotels/etc.....which all do not add up to lack of interest.
Will end up more a timing issue. There will be a bounce when the environment is deemed "safe" again (what ever definition that takes on).
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