RE:RE:Good year.The units are going for close to 700k plus.
Cost should not be over 400. I am guessing 250 to 300k margin.
The singles way more.
Polygon are very good and have scale. So costs should be reasonable.
It will probably take a while to see, they have all the overall planning and engineering costs to cover in the JV accounting.
The flooding issues in the Valley are going to do 2 things long term.
The ALR is going to lose land due to the floods. So, they will be extra diligent in enforcement.
Lands that are above the valley floor might get a premium due to insurance concerns.
So Silverdale should be more attractive on a relative basis.
Highland Gate prices are quite high, but so are costs. I like MPC due to scale and margins.