I don't think the usual notion of a "spec" house applies here in TV.
They have been at it for many, MANY years...they know no matter what they build it will sell ....and they certainly know what sells.....they have the luxury of keeping their crews gainfully employed with little/no risk.....during the hey days of 2005/2006 TV was building both designers and premiers with no buyers in site....most of the premiers had pools.....oh yes there was a waiting list back then....when your name was on the list and something matched what you were looking for they called you and said we need your decision by Monday morning.
Yes TV may be seeing a "slowdown" although the numbers including resales indicate the contrary. Every developer in the country would love to have a "slow" season like TV!!!!!
In my opinion the closer they get to build out....whenever that winds up to be.....there will be more grouping of building homes then releasing completed homes for sale. Much easier to control costs and still have a product there will not be enough of to go around.
btk
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