The credit crunch last fall completely shut our operation down - custom and spec homes - there was plenty of buyers but no one could get a loan. We had 8 specs at the time and we had to "short sell" all of them this spring - complete nightmare! We also had 4 big custom homes to start for clients, all designed, drafted, and ready for permits. 1 has been put on hold indefinitley, 2 were canceled because clients lost their jobs, and the 4th client just dissappeared.
We re-focused our operation this summer for the re-model market and, so far, we have work lined up through the winter - god willing.
Interesting times.
jb