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A 5,520-square-foot, five-bedroom, eight-bath modern farmhouse built by Thomas James Homes in Beverly Hills, California.

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

 

Builders remain conservatively optimistic

Builders remain conservatively optimistic about 2023 despite the industry’s ‘complicated landscape’

BUILDER, January 23, 2023 

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Thomas James Homes (TJH) is the single-lot homebuilder unlocking invaluable access to new homes in the coolest neighborhoods. With more than 350 homes in annual production and divisions in Southern California, Northern California, the Pacific Northwest, Colorado, and Arizona, TJH builds design-driven homes in communities within major metro areas where new construction is rare and in demand. Its customer-centric new home solutions include options to build a new home on an existing homesite, customize a pre-construction home, or buy a market home curated by in-house design experts. Committed to long-term trade partnerships and recognized by the National Association of Home Builders for its award-winning agent program, TJH exists to help everyone in its marketplace thrive.

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