Alan Nevin Quotes (10 Quotes)

It's all in the affordable sectors. We don't see any major gains taking place in that area because the barriers to entry are so great throughout the state.

That means new-home prices will slow down.

I just think it's spring. Basically, there are people who have property and want to start (work) knowing they have a full year of good weather.

The annual demand for new homes in California continues to be in the 240,000 range, but the home building industry is able to provide only 80 percent of the total need.

The difference represents the inability of the industry to provide moderately priced housing for the first-time homebuyer, largely due to the continuing constraints in the developable land supply in the coastal urban cores of the state and the burgeoning extractions demanded by local government.

Materials for construction are part of a world market, and the demand created in Louisiana is virtually insignificant. A large part of the reason why materials will go up are related to futures markets on commodities.

The slowdown in November will give builders an opportunity to clear out their standing inventory. We anticipate that 2005 will conclude with figures matching 2004, which was a very good year for the industry.

California cannot continue to sustain skyrocketing housing prices that have ballooned over the last few years. The industry has been moving at a torrid pace to keep up with demand, but we expect prices will finally level off to a manageable level.

It's a great time to buy a condo.

The reality is, Bakersfield is just at the beginning of its growth pattern.