That s always been one of the things we ve done very well, he says. But entry-level housing is scarce, and the demand is high. Says Madigan, People now have confidence in the economy, and it reflects itself in a willingness to make long-term investments. It s like a volcano that bursts through the surface of the ocean but has been building for a long time. Madigan makes no promises.
Reassurances are hard to come by.
Real affordability comes from attached housing townhouses and condos. But with the construction-defect litigation that has plagued condominium builders of late, nobody seems willing to take another chance. The Building Industry Association storms Sacramento on a regular basis with pleas to be freed from some of the more onerous facets of legislation. If you want a longer guarantee, you pay extra for it. We re trying to get our people and ourselves back into attached housing, says Mark McMillin.