• | Unprecedented flooding -- situation is fluid and will be for some time |
• | Houston Division offices and communities closed for one week |
• | Minimal property damage to few homes in active communities |
• | All but one community opened for business by 9/1; last one opened 9/6 |
• | Sales, construction & closings resumed, but experiencing general delays |
• | Monitoring for potential labor and/or material shortages or price increases, but too early to project |
• | Tens of thousands of housing units in Houston will need to be replaced |