Industry News

Housing slowdown affords builders a breather

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SAN FRANCISCO -- It's no secret the housing market is slowing, said Tom Dobron, president and CEO for Innovative Communities, a builder based in the San Diego area. The company, which has 86 employees, plans to take advantage of its small size and agility to successfully navigate the transitioning real estate market, he said. Dobron is among a group of about 34,000 industry professionals who are attending a builders' conference this week at San Francisco's Moscone Center. They come here to network, catch up on the latest construction and buyer trends, sharpen their knowledge, and view new products and innovations for their industry. While all builders will feel the impact of a slower housing market, Dobron said the lull will allow builders to catch their collective breath after a frenzied spell of sales. "You couldn't even build the homes fast enough. The sales were so far out ahead of construction, it didn't even make sense," he said. Now, the market has allowed construction to catch...