Micro thaw hits custom homes

August 13, 2009
Back to TopCommentsE-mailPrintBookmark and Share
The tiniest of warm breezes is beginning to blow through the custom home business, says one of the regionâ??s preeminent builders.

R.J. Klein, whose Carmel firm specializes in homes costing as much as $6 million, says one of three projects that had been put on hold by clients is now going forward in September. The owner felt the economy was beginning to look good enough to warrant moving ahead.

â??Peopleâ??s risk factor has receded somewhat,â?? says Klein, who has owned his construction company for 40 years.

However, two of Kleinâ??s other pending projects are still in the ice box. The owners plan to reevaluate after the first of the year whether to proceed.

Klein, who is 70, says heâ??d never seen owners stop projects until this recession came along. It takes about two years for him to build a house, so recessions come and go, and construction continues.

But he doubts anything resembling the glory days of a few years ago will return for a long time. Make that a very long time.

Too many baby-boomers spent lavishly when they were younger and then lost much of their savings in the recession and market downturn, Klein says. Now theyâ??re scraping together retirement money instead of building dream houses.

What are your thoughts?
ADVERTISEMENT
  • I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Betty

    http://dogfurniture.info

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
ADVERTISEMENT