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M/I Homes, Inc. Message Board

  • drugsman12 drugsman12 Oct 20, 2012 11:11 PM Flag

    when housing crashed these guys had too much land

    They had like 6 year supply more than almost any other builder. Now at the start of the upcycle they only have 3000 finished lots and options on another 1800. At current sales pace of 800 homes a quarter that is only 18 months inventory. They will be hard pressed to find any cheap land now. All the builders must be scrambling right now and bidding everything up to the stratosphere.

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