10-24-2023, 10:58 AM
(10-24-2023, 08:54 AM)KaiserWilhelmsBust Wrote:(10-23-2023, 01:12 PM)CP42 Wrote: Is that uncommon in today’s market? I thought I read recently that most projects want to achieve around 70-80% of sales prior to beginning construction.
80% is fairly common but that amount covers construction debt so less 'speculative' I'd call it building on spec when you're only <50% sold
So you believe VanMar has sold less than 50% of the units for DUO? I feel like I saw them advertising like crazy and then once construction started I haven’t seen a thing.