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AXIS POINT OF VIEW

Investment Builders and Developers

A point of view?  We all have one!

 

quote openThis is our point of view. The axis of all thinking from which development success springs is the thought that “superior planning and quality construction execution must be fully and specifically connected to the direct needs of quote closethe end user.”
It is about the customer.
The answer is, determine their desires, needs, and expectations, and then work backwards from there. The issue is to understand the myriad questions that must be correctly answered to find a way to economically satisfy the customer. Not simple, but crucial to development success.

In 2008, we had a different point of view from our contemporaries. We determined that notwithstanding the eminent recession and housing crisis, timing was, in our view, correct to start very high quality private gated, large lot communities. With our lean forward, straight ahead attitude, we responded to that view by producing several quality developments in northwest Houston. And, we did so at a time when others would not or could not. Why did we develop when our contemporaries were still on the sidelines? At the risk of oversimplifying, we were at a time when demand by builders for quality lots was down 75% and the new supply of quality lots was down 95% and that was a guarantee of a favorable supply/demand imbalance.

Today, we see the same scenario again. The COVID-19 world has shaken many and perhaps created a new favorable supply/demand imbalance. A time when supply will be artificially low and demand for quality residential developments such as NewPort Lake Estates and TownHarbour Estates will rebound quickly.  

 

© 2020 Joseph Watson
Contact Axis Point at JWatson@apdllc.net, 281-932-4143