Event Title

National Association Home Builders Competition

Location

CSU Ballroom

Start Date

16-4-2013 2:00 PM

End Date

16-4-2013 4:00 PM

Student's Major

Construction Management

Student's College

Science, Engineering and Technology

Mentor's Name

Brian Wasserman

Mentor's Department

Construction Management

Mentor's College

Science, Engineering and Technology

Description

Each year the Construction Management Student Association (CMSA) participates in the National Association Home Builders nationwide competition. This competition is for institutions offering a four year bachelor’s degree in residential construction related majors. This competition requires CM students to research specific information that would be required by any industry professional looking to develop a parcel of land. This year’s competition problem statement included developing a 118 acre parcel of land located in Saratoga Springs, Utah into a residential development that we felt would best appeal to our determined target market. Our research included web based sources to determine the current site conditions/characteristics, and to complete market, financial, and risk analysis. This research was then used to determine the appropriate target market, our competition in the area, home designs, sales/marketing strategy, and startup cost. With the information obtained through our research and applied learning we designed and financed the 118 acre development, which included 192 lots with housing options ranging in price from $212,600 to 280,000 and three recreational parks. We also developed a five phase schedule including financial estimates, to predict a plan that would be presentable to investors in a real life situation.

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Apr 16th, 2:00 PM Apr 16th, 4:00 PM

National Association Home Builders Competition

CSU Ballroom

Each year the Construction Management Student Association (CMSA) participates in the National Association Home Builders nationwide competition. This competition is for institutions offering a four year bachelor’s degree in residential construction related majors. This competition requires CM students to research specific information that would be required by any industry professional looking to develop a parcel of land. This year’s competition problem statement included developing a 118 acre parcel of land located in Saratoga Springs, Utah into a residential development that we felt would best appeal to our determined target market. Our research included web based sources to determine the current site conditions/characteristics, and to complete market, financial, and risk analysis. This research was then used to determine the appropriate target market, our competition in the area, home designs, sales/marketing strategy, and startup cost. With the information obtained through our research and applied learning we designed and financed the 118 acre development, which included 192 lots with housing options ranging in price from $212,600 to 280,000 and three recreational parks. We also developed a five phase schedule including financial estimates, to predict a plan that would be presentable to investors in a real life situation.

Recommended Citation

Heilig, Travis; Kyle Atchley; and Torey Golberg. "National Association Home Builders Competition." Undergraduate Research Symposium, Mankato, MN, April 16, 2013.
http://cornerstone.lib.mnsu.edu/urs/2013/poster-session-B/8