Although interest rates remain high, construction costs steep, and supply chain delays unpredictable, homebuilders remain positive about 2023. Despite challenges, this tough market creates a unique opportunity for growth—one that could help bridge our national housing shortage if tackled strategically.
Thomas James Homes is ready to keep the momentum going after an outstanding previous year in which they achieved all targeted starts and acquisitions. With a goal of 400 homes and 100 service contracts secured in 2023, the homebuilder is cautiously optimistic about an upward shift in the real estate market.
“Our starts and acquisitions were on target for 2022. We are conservatively positive about [2023], but we’re also not competing with traditional tract home builders; we’re building new detached homes in a single-lot replacement business model, all noncontiguous infill. We’re staying real about challenges with interest rates and inflation, but jobs in our markets are strong.”
– Brian Reid, Chief Sales Officer, Thomas James Homes
