Builder’s sales on track despite cancellations [Central Florida]
Steve O’Dowd, 53, president of Engineered Homes of Orlando Inc., an employee-owned production home-building company based in Winter Park. O’Dowd spoke with staff writer Jerry W. Jackson.
Question: Late last year, you were fairly confident about local home building for 2007. Has the extent of the slowdown surprised you?
Answer: I’m still very confident in what I see happening in the marketplace. What really surprised me more were the amount of people who canceled contracts. It appears the amount of sales we expected to take place continued to run the way we expected. But we had higher cancellation rates.