Demand lifts for David Reid Homes

19 November 2009

Demand lifts for David Reid Homes

Quality home builder David Reid Homes is experiencing a strong revival in interest from potential new home owners.

Contracts for new homes have doubled in the September quarter compared to the previous three months while the number of enquiries for new home concept plans, for which potential customers pay a fee, are up 25 per cent in the September quarter over the previous quarter. General enquiries are double that of the same quarter in 2008.

David Reid Homes Limited General Manager Ben Allan says the level of activity indicates the slump in new home construction to very low levels is over.

“Confidence is returning particularly to those who had acquired land for their home but had put off the decision to start building because of the uncertainty caused by the global financial crisis.”

“The increase in interest is patchy but is across all sections of the market and while we are not cheering loudly yet, we are quietly confident that the worst is over for the home construction industry.”

Inquiries from dairy farmers had revived with the announcement of higher forecast payout for the current dairy season.

Mr Allan says the award winning David Reid Homes is particularly well positioned for the recovery having invested in seven new show homes in the last six months and made commitments to build a further five around the country. It had also taken the opportunity of the downturn to invest in a central estimating system and financial support mechanisms for franchisees.

“Whilst David Reid Homes has not been immune to the impact of the recession, we have taken advantage of it to review our supply chain and gain further efficiencies and benefits for customers by appointing PlaceMakers as a preferred supplier.”

PlaceMakers National Key Accounts Manager, Debi Luke said PlaceMakers were very pleased to be appointed as national supplier to David Reid Homes and are looking forward to making the partnership a success.

David Reid Homes’ consistent commitment to quality has been rewarded with David Reid Homes Southland winning the Master Builders Federation’s House of the Year Award in the $350,000 - $450,000 category.

“The citation for this year’s award says the build was ‘close to perfection’ with ‘flawless workmanship throughout’. This year’s National award is the third David Reid Homes has won in three years and together with over 100 Regional awards in the last three years shows our ability to deliver high quality homes for our customers,” Mr Allan says.

A further National accolade went to David Reid Homes Central Otago in the Outdoor Living Spaces award for a John Blair & Co designed house.

David Reid Homes Limited has 21 franchisees operating throughout New Zealand.

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