I think it's a watershed year just in the magnitude of the increase. |
It's performance-based. It's systemic. Not just an item here or there. It comes together as a system and operates better. The end is greater than the sum of the parts. |
It's the exception today, but in 10 to 20 years the bronze level will be the building standard. |
It's the right thing to do. We're responding to the marketplace, which is demanding more green products and a healthier environment. |
New Mexico and Albuquerque are being discovered, and it is our time in the sun. We are enjoying the same sort of growth in relative terms and percentages that Las Vegas, Phoenix, Denver and other high-growth areas have experienced. |
Our reputation is behind this. We want to make sure that when a house reaches a certain standard that it does perform at that level. |
The material shortages have had far more effect than any cost increase due to impact fees. |
The reality of it is, the city of Albuquerque hasn't really collected that much in impact fees. |
There's been a decrease in the supply of developed lots in Albuquerque and the threat of the effects of impact fees. |
There's been enough discussion about impact fees that everybody knows about them. |
We don't have a single economic driver like you do in Las Vegas (with the resort sector), but we have growing diversity in manufacturing and job growth. Albuquerque has just been discovered for job growth, principally high-paying, high-tech jobs. We're seeing a huge shift in terms of employment. |
With cost increases, unfortunately a lot of builders will sign a contract with a homeowner and halfway through construction the cost of materials goes up 12 percent. Frequently, the builder has to eat that. |