I have purchased a lot once before, but this was under the expert tutelage of a builder friend of mine in a different market (Colorado).

Have you ever wondered why builders risk insurance is more expensive?

@Chris Miller history doesn’t repeat itself, but it does rhyme.I remember 2006, and how the fed was engineering a beautiful soft landing and everything was great and home builder stocks and banks and investment banks were THE stocks to own because all the data was pointing to a rosy future.The only data source you would need is the yield curve.  

I am told by a realtor that this and that deal fell through, buyer was under contract with builder, builder built the home and at the last moment underwriters at the bank denied the mortgage.

A lot of our borrowers, specifically new construction builders, in and around Austin - are having to hold properties for much longer than expected.

I agree with @Brandon Rizzo I think the supply will normalize as the migration to Texas has not slowed down and as builders make correction to a more balanced supply and demand (along with interest rate improvement) housing market will be better.

I am not a builder but will work with one.

With an MBA under her belt, she has successfully worked with investors, builders/developers, buyers & sellers.

We viewed it completely differently.I ended up demolishing the house, went to city council got approval to subdivide the vacant land into two building lots, then flipped both building lots off to a builder.

If not, we work with a builder in the Charlotte area that has duplex's for $499K.