
President, Ashwood Investment Inc.
Member of the Real Estate Council
Lawrence Comegys is President of Ashwood Investments Inc. in Tampa, FL, a residential land developer. Previously, Mr. Comegys served as Florida Region President for Meritage Homes, Florida Region President for Pulte Homes and President of Jim Walter Homes. He has over 25 years of experience in homebuilding and community development including single family, multi-family, mid-rise, high-rise, in-fill and master-planned community development including adult and lifestyle communities. Mr. Comegys has worked with every major consumer segment from the affordable to luxury buyer. He began his career in California with Mobil Land Development followed by UDC Homes. He holds an MBA from the Wharton School and BA from Drew University, and is a Full Member of the Urban Land Institute serving on the Residential Council. (This is me - Update Profile)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Solid Reasons for Builders to Feel More Optimistic
March 1, 2007
Builders Gain Confidence in Prospects for Home Sales | www.nbnnews.com
There are signs that support a growing return of cautious optimism among homebuilders. Surveys of builders, including the just reported National Association of Homebuilders/Wells Fargo Housing Market Index, show measurable improvement in their confidence level. Although this is strongest among single family homebuilders with moderately priced communities, traffic counts are up at many communities. In Florida, the markets I am most familiar with, builders in many communities in Tampa and Orlando report traffic of primary buyers are up 50% or more for moderately priced family oriented locations. Since markets improvement often shows up first among the primary buyers this is encouraging. It supports positive comments last week from Fed Chairman Bernanke on stabilization on the demand side of housing. The current slump seems to be finding its floor, but the improvement will be slow and the improvement likely won’t be apparent until 2008.
April 16, 2008 | New York
GLGi: Regional Homebuilding Executive Panel