Residential Construction
With Western Texas Intermediate oil hovering around $45 a barrel, folks have been speculating about new home construction in Midland-Odessa and how layoffs and budget cuts might affect the spectacular boom of the past few years. But while economists might raise a red flag, local homebuilders say pent-up demand and a more diversified economy are…
Read MoreSpec homes are a sign of strong builder and bank confidence in a market, as they are created without any specific buyer in mind, just the belief that one will be interested once it is completed. The higher the price tag, the higher the stakes. In our inventory-parched market, homebuilder Les Owens, President of LRO Residential…
Read MoreA reader writes: We recently purchased a new home in the Highland Park area, the builder and seller were both a family “group”. The mother and father funded and the son “acted” as the builder. The seller did not honor any of the contracted warranty or 3rd party inspection items; he refused to do…
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