Business View Magazine - July 2023

61 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 7 In a sector known for its cyclical nature, home-building companies with both the experience and know-how to navigate market conditions can ride the economic waves and remain on course to grow their business. Navigating the economic construction map Incremental interest rate hikes implemented by the Federal Reserve, ongoing supply chain slowdowns directly impacting needed construction materials from hitting our shores, as well as an inflationary climate, have knocked on the door of many construction professionals. Beyond these ongoing challenges, the North American construction sector has also seen a dramatic need for skilled trades professionals as employment shortages continue to impact new construction projects that are breaking ground. Despite these macroeconomic factors, a silver lining remains, namely the shortage of sufficient housing stock available throughout the country. Post-pandemic, the demand for new construction is on the rise as many new homeowners continue to have an immediate need for new properties. New construction is also in demand on the commercial side with many businesses actively seeking new commercial spaces as employees slowly return to a brick-and-mortar model. Given the ongoing demand for new construction in a field that is ripe with competition, leading luxury home builder Divco Custom Homes stands out from the construction pack. With a host of projects under its construction belt and many more in the pipeline, it remains a company to watch. Custom-built luxury options Providing a ‘turnkey solution’ for all its clients sets this home builder apart from its competitors, according to its Executive Director of Design and Business Development, Dave Chernin. “We are a design-build company. We take our clients from conceptual design, all the way DIVCO CUSTOM HOMES