Why do economists focus so much on builders’ confidence levels and metrics?  One reason is because they are the key to many economic indicators and future housing inventory.  Mike Preston, Co-Founder & Principal of Beacon Montclair Development and Managing Partner of C21 Revolution, shares what developers are looking for in a purchase and resale.  As the BMD team’s lead and acquisition and sale strategist, his insights on how builders approach their budgets can inform buyers and buyer’s agents on how to best approach an offer on new construction.  We discuss new construction trends, profitability, and how agents looking to get into evelopment can get started.

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