In several regions around the country, custom home building is holding steady and even showing some growth despite the housing slump. But even the custom market is facing challenges, and custom builders are making some changes to survive. Here, a selection of news items from around the Web detailing how custom builders and the high-end market are faring:
High-end custom home building is actually on the upswing in the Columbia, S.C., area, says local newspaper The State. Read the article.
One custom home community in Fort Mill, S.C., is showing the region what a successful neighborhood development looks like in the slumping economy, according to local newspaper Fort Mill Times. Read the article.
It’s not easy being a custom home builder, even in regions doing well. NAHB’s 2008 Custom Builder of the Year offers some key strategies for staying ahead in these tough economic times. Read the article.
On the high-end custom home resale market, prices—though still hefty—are dipping due to the softening of the housing market. Even the homes that made Forbes’ “World’s 10 Most Expensive Homes” list now are priced comparably to properties that made the list three years ago. Read the article.
Another sign of the times: High-end luxury homes are being downsized to a more sensible footprint in some areas of the country. Small-scale, luxury communities are popping up from coast to coast, according to Forbes. Read the article.
