but I suspect homesites will drive the best values.. no one wants logged over sites for building ( generally speaking)  it works here in the Northwest because of the incredible shortage of buildable land. but in other areas not so much

After that, I was confident we could clearly show the positives of the project to the board.I don't have a great answer on displaying a housing shortage for your area.

There is no shortage of people getting into Sub to's that do not know how or trying to make a buck without knowing the risk.If you worked for a servicer (Wells Fargo, Chase etc.) which all they do is collect funds and do not own the loan, and you went to your boss and said I am going to foreclose on these preforming loans because the deed changed names, I would guess you would no longer work for the Servicer any longer, remember the person who invest in the hedge funds is just looking for a long term return on their investment they can care less who is making the payment, just want the payment to be preforming.But if the uneducated investor did not do your insurance correct, or did not work with the seller to make sure they are not the one who the Servicer calls with questions or the seller is lead to believe his or her name will be off the loan, or the investor just does not respond to any question the servicer has, all can go bad in a hurry.I talk to Servicers often, they are just looking for comfort and communication. 

There is a severe shortage of home to rent in north OC, when one of our client's homes come up for rent, it is a feeding frenzy.

It was put in place because the feds have increased immigration for the last ~10 years (over 5M people or 8% of our population) to the point that we now have a housing shortage. 

Is there a housing shortage or is there really a problem with the BARRIERS caused by productivity, land use, zoning and mandates that limits construction?  

Still a housing and rental shortage.  

It appears to be a shortage of Lenders (GA) that I'm finding that have the Fannie Mae Homestyle product.

The buying is very low, rents are great and there’s no shortage of tenants. 

Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected.