We don't have enough competent people actually building and remodeling homes for the national inventory to recover and rebound smoothly. in addition keep in mind pre 08  at least in our market here banks were giving spec loans at 80% ARV  which means builders had to bring in ZERO money to get a spec loan and many could get 20 or 30 loans like this..

Bankers usually want to know the primary NAICS/SIC for a commercial checking account.CONSTRUCTIONNAICS 236117 - Residential New Spec Home Builder / Investor  (Former SIC 1531 Operative/Merchant Builder)NAICS 236118 - Residential Remodeler / House Flipper / Investor  (Former SIC 1531 Operative/Merchant Builder)LEASINGNAICS 531110 - Residential Holding / Rehab & Holding/Leasing for 12 months minimum (or more) NAICS 531120 - Commercial Holding / Rehab & Holding/Leasing Building Landlord (non-mini storage)OTHER ACTIVITIES RELATED TO REAL ESTATEWholesaling could arguably fall under the following extended SIC CodesSIC 6531054 - Real Estate Buyers Representatives (wholesaler/non-licensed)SIC 6531026 - House Buyers (wholesaler/non-licensed)http://siccode.com/en/siccodes/6531/real-estate-ag...These are cross-referenced with NAICS 531390

You might also consider well water and a solar/ battery setup as a backup plan.

I am currently building high spec homes and multifamily condo's in Los Angeles, these range from urban infill to land development to demolition of existing structures - all of which can be anywhere from $400 to $700+ per sqft.

He/she can direct you to the flip deal, make cash on the sale, and then double-dip on the sale back to him as a buy-n-holder, or in reverse, they might be flippers and you can get them to spec you a perfect buy-in-hold rental, You'll probably make a bit less but  deals will come faster for both of you

I should clarify...that is your basic cookie cutter spec house in Pac NW. 

Ya be careful with innovation as well.Toyota now developing battery a battery that can last 1,000 miles.When it's commercialized Tesla is wiped out if they can't enhance their product.And the job loss would be significant enough LOL

Batteries could go dead but if you are responsible you won't have an issue.

Even if it was possible to learn everything in the world in a spec of time the next second to turn over there would be new things to learn beyond comprehension.So for myself I focus on the joy of learning everyday.

Should I be speaking to lenders up front and build spec?