The first quarter has seen a lot of interest and we have closed several projects which are well underway. Pricing seems to be holding steady although we have seen some material cost increases (which baffles me in light of the national figures for home sales). Land prices are also holding steady, although very little new inventory of new lots are being generated, and current inventory is steadily being drawn down. What the impact of this will be will depend on what happens in the housing market over the next year.
I am still very bullish on the South Texas economy, and recent activity in the oil and gas industry just south of San Antonio looks to be poised to increase economic activity considerably.
Interest rates are at historical lows, and if you are relocating to the San Antonio Texas or the surrounding area, having a custom home built to your specifications is a very good value. New home prices are holding steady plus you have the warranties that you typically don’t get buying an existing home.
I hope to begin posting pictures of our newer projects as we get a little farther along in the process.