Greg Paquin
Greg Paquin
builders hang houses pay standing
Builders don't want to hang on to standing houses -- they have to pay their bills, financing, and taxes.
build housing light near people shown ton
If you build housing near light rail, it's been shown that people really like it. There are a ton of people who don't want to drive.
buyers focused good value
A lot of buyers are just more focused on good value now.
available everybody move smart tough wants
It's really a smart move in a constricted lot market. Everybody wants to be in Folsom and it's tough to find available lots.
demand falling housing matter minds point reaching region sky supply
In our minds it is not a matter of the sky is falling -- it's a matter of reaching that equilibrium point between the supply and demand for housing in the region and positioning us for more sustainable long-term growth.
I don't think there was ever panic, frankly. There was recognition that we are in a new market. It's much more restrained, but it's still good.
certain issue markets sales san supply
I do think there's a supply issue in San Joaquin County. There's not enough being built, but certain markets such as Patterson and Lathrop got too pricey, and sales slowed down.