Crimp four hurricanes in Florida Home Builder’s style in 3rd Quarter
While markets here WCI Communities Inc. was strongly in the third quarter, September 30, traditional homebuilding revenues were below the expectations of society because of the devastating effects of hurricanes Charley, Frances, Ivan and Jeanne.
After WCI, the report of its third quarter results, November 2, probably storms cut quarter revenue of at least $ 30 million of the delayed closure of nearly 60 houses.
The hurricanes caused delays in the closure of the house such as inspections, utility hookups, owner and insurance RC, with the construction of days lost, as too difficult to overcome so late in the quarter. And the tower revenue was affected as the day that the lack of construction affected the rate of completion of buildings, the company said.
“The turnover for the quarter was actually quite favourable given the impact of the hurricane,” said Jerry Starkey, president of WCI.
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