Ryan Lundquist , a property appraiser who tweets frequent analyses of Sacramento-area real estate trends , says he ’ s not seeing any hesitation from buyers of new homes . “ Builders still seem to be commanding the prices that they want ,” he says .
Dunmoyer speaks of a call with Shea Homes , one of America ’ s largest private homebuilders , which has had to move to a lottery system because so many people qualify for their homes . “ We haven ’ t seen this since 2005 ,” he says .
It ’ s a different story for others in the construction industry like Ryder of Ultra Glass , who says he lost $ 15 million in revenue last year , representing half his company . Ryder says he ’ s had $ 250,000 in back charges , drawn automatically by developers . He ’ s trying to get window manufacturers to compensate his company and is considering legal action . “ I remember going years without one back charge ,” he says .
Contract escalations that call for adjustments in fees and payments have been a problem for Myers & Sons Construction , according to Wolfenberger , who says the Northern California division had to pay at least $ 300,000 to $ 400,000 .
Even at Wood Brothers Floor Coverings , which saw its largest gross sales in 2021 , Wood has had to eat what he termed “ humble pie ” and offer discounts because of delays . He ’ s hopeful supply chain issues will ease . “ I think we do kind of see a light at the end of the tunnel ,” Wood says . “ It doesn ’ t mean that prices are going down .”
To deal with the situation , Wood , Scarr and others within the industry are getting orders in as soon as possible and trying to set realistic expectations with customers . “ We ’ ll get through it ,” Scarr says .
Finishing construction
Back in Northlake , construction crews are busy on various framed sites on a sunny afternoon in February , with the sounds of banda music floating into the street .
Moreno feels he and his wife “ kind of beat the big rush or before the economy got bad with delays ” by buying in June 2021 . Singh is looking forward to the construction of a Costco across Highway 99 and thinking of urging his mom to get a job at a nearby Amazon facility .
In general , the neighborhood is calm . While supply chain issues affected the date his family could move in , they haven ’ t dampened Singh ’ s enthusiasm .
“ It ’ s just loud right now because of construction ,” Singh says . “ But it ’ s going to be good .”
Graham Womack is a freelance writer based in Sacramento . His work has appeared in a variety of publications , including the San Francisco Chronicle , The Sacramento Bee , and Sacramento News & Review . On Twitter @ grahamdude .
Rex Moore Electrical is proud to celebrate 100 years of developing employees and providing opportunities to families in the electrical industry . We would like to thank the many electricians , technicians , office team members , managers , executive leadership and families for making Rex Moore the best place to work for 100 years . We are grateful to everyone that helped build Rex Moore into the premier electrical contractor in the nation .
1970 |
1980
1978 : Design Build expertise leveraged with an in-house engineering department
1981 : Company gains independence from the union and builds field team
1992 : Company begins geographic expansion with opening of first branch office
1990
1990 : Establishment of in-house training and education programs
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1998 : Low voltage systems added to company service offerings
2000
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2001 : Company established major inhouse prefabrication capabilities |
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April 2022 | comstocksmag . com 57