Cost of Construction/Cost of Inventory in YOUR Market

[Jake Kucheck]

I thought this would be an interesting topic. Not from a "I'm thinking about being a spec builder" perspective (believe me, I'm not), but from a "how many markets out there have a median price below the cost of construction". I would imagine quite a few, but my market (92660) isn't anywhere close (with a median price of $1,032,500, it would be tough).

So... if you think you have a market where the cost of construction is higher than the cost of the existing inventory, post the zip code and the respective PP/SF so we all can learn a little.

[Jake Kucheck]

I don't always enjoy it when Rich and Will do battle, but when I do, its typically because I started the thread and will enjoy the increase in influence.