Notes and Opinions from one of Arizona's Most Trusted Loan Teams Builders Say Less Is More October 20th, 2008 12:20 PM The housing slump has prompted many luxury home builders to alter their business models to provide smaller, more affordable dwellings. Last year, KB Home shrunk its floor plan to 2,400 square feet from 3,400 square feet, lowering the sales price to $300,000 from $450,000. The Los Angeles-based builder is going even smaller these days, offering 1,230-square-foot properties in Southern California for about $200,000. Home builders are making such changes to compete with discounted existing homes, to boost profitability amid falling home prices, and to respond to changes in buyer preferences. According to Deutsche Bank analyst Nishu Sood, "As you kind of reduce the floor plan size, we're getting back to more the way things were historically, kind of undoing the excesses, not just from a price perspective but home size and [fewer amenities]." More - May Require Free Registration From "Builders Say Less Is More" Chicago Tribune (10/17/08) Veiga, Alex Posted by on October 20th, 2008 12:20 PMPost a Comment (0) * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: Mortgage Underwriting is Stifling Housing Recovery Tight Mortgage Credit Still an Issue RATES - RATES - RATES Taking the mystery out of FHA Non-Occupant Co-Borrower Loans Positive Shift in Real Estate Sales 5% Down Conventional Loans are Back First Time Buyers and All Refinances Need to Hurry 10 Important Tips About Homebuyer Tax Credit NAR: Pending Sales Down - Higher Than Last Year 2009 Wrap Up Archive: August 2007 Good time to buy? Posted by Jon Laird on August 30th, 2007 1:27 PM State of the Mortgage Industry Today Posted by Jon Laird on August 24th, 2007 12:57 PM November 2009 Rates Remain Great - First Time Buyer Credit Extended Posted by Jon Laird on November 13th, 2009 3:01 PM October 2009 Big Changes for Us - Better Service for You! 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Posted by Jon Laird on May 23rd, 2008 1:52 PM Turnaround Times in the Mortgage Industry Posted by Jon Laird on May 20th, 2008 2:51 PM March 2008 Finally,some good news? Posted by Jon Laird on March 27th, 2008 1:54 PM Whose Market Is It? Posted by Jon Laird on March 6th, 2008 11:12 AM February 2008 Mortgage Rates and the Lying Liars who Advertise Them Posted by Jon Laird on February 29th, 2008 4:00 PM Do Manufactured Homes Appreciate in Value? Posted by Jon Laird on February 7th, 2008 10:27 AM January 2008 Fed Rate Cuts versus Mortgage Rate Cuts Posted by Jon Laird on January 31st, 2008 11:23 AM Median home price drop is VERY important news. Posted by Jon Laird on January 14th, 2008 12:56 PM December 2007 Loan Officer Licensing Posted by Jon Laird on December 28th, 2007 10:21 AM It's been a tough year Posted by Jon Laird on December 20th, 2007 3:27 PM New Pricing Structure for low FICO borrowers. Posted by Jon Laird on December 11th, 2007 12:14 PM November 2007 Manufactured Homes are the foremost source of unsubsidized affordable housing. Posted by Jon Laird on November 27th, 2007 11:05 AM It IS Getting Better! Posted by Jon Laird on November 7th, 2007 5:26 PM October 2007 Manufactured Home Financing NOT Affected by Mortgage Meltdown Posted by Jon Laird on October 10th, 2007 2:25 PM September 2007 Arizona Home Stats Posted by Jon Laird on September 29th, 2007 11:04 AM Straight Up Truth About Refinancing Posted by Jon Laird on September 14th, 2007 10:34 PM November 2009 (1) October 2009 (2) September 2009 (1) August 2009 (4) June 2009 (2) May 2009 (2) April 2009 (5) March 2009 (2) February 2009 (2) January 2009 (3) December 2008 (2) November 2008 (1) October 2008 (5) September 2008 (4) August 2008 (5) July 2008 (6) June 2008 (8) May 2008 (2) March 2008 (2) February 2008 (2) January 2008 (2) December 2007 (3) November 2007 (2) October 2007 (1) September 2007 (2) August 2007 (2) My Favorite Blogs: Sites That Link to This Blog:

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