Current Margins in New Builds?

[Art Vandelay]

Hi all,

First time poster here. Appreciate the community, the knowledge, and all the helping that goes on here.

In short, I'm trying to understand the margins on new builds people are seeing in these days given market conditions. 

Background: I'm from the DC metro area, and just spent some time apprenticing as a developer and builder with an uncle who lives out in Australia. I developed and built 4 homes in my time there, and understand the economics of that market, but coming back home to the US, wanted to get a feel for things. In Australia, was getting 100% CoC, strategy of buying single lots and subdividing out to build 2 - 4 one story units. Approx 5 month build time from foundation to finish.

I know margins can vary considerably across markets in the US, but just want to have a general sense of things and have some data points.

Appreciate any insight.

Thank you!

[Russell Brazil]