Development Marches On

August 20, 2007


On my way to the office this morning, in the southbound lane there was a parade of earth moving trucks. By a parade, I counted at least twenty. All of them rattled along the street, not yet filled with dirt. It was pretty impressive. Obviously they were on their way to a new development site.


I am somewhat amazed that developers continue to move forward with plans for new construction. I know that some new home developers are offering the unbuilt lots for sale rather than building out the rest of their homes. I recognize that if a developer has an approval of a tract map, the approval will someday run out. Perhaps that its why they proceed. or perhaps developers are like most entrepreneurs, an optimistic bunch.



In the present real estate environment, a dash of optimism is needed. There is a lot of doom and gloom and it is good to know that there are those who still those who believe that great opportunities are still around and are willing to invest their money for the future.