Another Richmond homebuilder has incorporated a guarantee for laid-off buyers into the marketing pitch. Several weeks ago, BizSense reported LINK that the programs, which started earlier this year with the car manufacturer Hyundai, are spreading into the home-building industry. “We understand there are layoffs out there,” said Kevin McNulty, the president of Lifestyle Builders. “We… Read more »
Homebuilding
Homebuilding activity plummets
Homebuilding activity has fallen 30% in the Richmond Metro Area compared to last year. According to Inside Business, a business news weekly in Hampton Roads, the slow-down is more pronounced in single-family housing, where permits for new homes fell from 4,490 through August of 2007, to 3,080 for the same period of 2008, or a… Read more »
Home builders anxiously wait it out
Anyone who has anything to do with putting up a house – electricians, plumbers, flooring contractors, painters – have all reacted to slower demand by cutting capacity. A Q&A with Gray Stettinius, president of the Home Building Association of Richmond. Perhaps no industry in Richmond has slowed down as much as homebuilding. Without more sales,… Read more »
Three lumber execs leave one company and buy another
Two executives and the head of sales left Roper Brothers Lumber Company and are in the process of buying ABC Building Supply and American Applicators in Chester. John Farrar, the president at Roper, Barry Brockwell, the CFO, and John Hinkle, a long-time sales manager, are all now working at ABC. Sources familiar with the companies… Read more »