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The Effect of the Virus Crisis on Homebuilding

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If you live in a neighborhood that has new homes being built, you’ve probably noticed that home construction has not really slowed down.  Is that because social distancing is easier in the construction industry or is the demand for new homes not seeing much effect from the virus crisis?

Mike Switzer interviews Mark Nix, executive officer of the Homebuilders Association of South Carolina in Columbia, SC.

Disclaimer: The HBA of SC is a subscriber to Voterheads.com, a local government monitoring service wholly owned by Magnolia Media, Inc, the producer of the SC Business Review radio show.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.