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.
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.
https://cornerstone.lib.mnsu.edu/urs/2013/poster-session-B/8
