Opportunity

 As I look at the today’s construction market both commercial & residential it looks a lot like the market in the late 1980’s when we were going though the Savings and Loan Crisis.  It happened for a variety of reasons; one of them being the federal government relaxed the rules around Savings & Loan …..  sound familiar?  Property values declined, money dried up and there were foreclosures on every street in every neighborhood.  Companies had to take drastic measures to survive and they did.  Just like today there was opportunity everywhere.  Marginal companies were eliminated, land was cheap, wages became competitive, material prices declined, subcontractors & venders were willing to negotiate, and scheduling was suddenly easy…..just like today.   Sales have risen every month for the last three months.   Last month (June) home prices rose in Maricopa County for the first time in several years.  Today is the opportunity of a lifetime