November 1, 2014

CEO Sounding Board

Florida CEOs answer: What's your outlook for 2012?

Mike Vogel | 1/4/2012

DEVELOPMENT
Roger O'Steen
Chairman - PARC Group - Jacksonville

"We expect a 75% increase in revenue. We're seeing improved market conditions for new homes. We develop land and lots, and we sell those lots to builders so we won't hire many new staff. Our communities are located in very desirable A-plus locations. Statewide, really all over the country, you're seeing the supply of lots in the A locations has been greatly diminished. People realize they can get new homes for the same price as they can get an existing home after the cost of repairing and remodeling. The existing homes have problems. They've been sitting empty for long periods of time."

Roger O'Steen
[Photo: Ryan Ketterman]

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