Steve Ruffner
Steve Ruffner
act bought california entitled environmental finding five four harder land process projects quality start
Finding land, particularly entitled land, is getting harder every year. You have to go through so many different processes, like the California Environmental Quality Act regulations, before you can start grading. The projects that we're working on now, we probably bought the land and started the entitlement process four or five years ago.
continue increase might prices
I don't think we're going to see those prices continue to increase like that. They'll still go up, but they won't go up as dramatically, and that might be better for the market.
good lasted late market recession today until
I was working out here during the recession that started in the late 1980s and lasted until about 1995, and it was terrible. But this market today is about as good as it gets.