X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEPTUNE, NJ-Three experts offered their perspectives on New Jersey’s housing market at a breakfast meeting, hosted by the Shore Builders Association of Central New Jersey, at the Jumping Brook County Club here. The featured speakers were Joe Riggs, group president of K. Hovnanian Homes; Ed Walters Jr., president and founder of the Walters Group; and Arvo Prima, president of Prima Builders. Peter Reinhart of Hovnanian Enterprises moderated the event.

The depth of the downturn in the housing industry has hit builders across the country, causing them to cut back on production and reassess strategies. “This recession was far deeper than anyone expected,” said Walters, who explained that his Barnegat-based firm has survived over the years because it was able to diversify. The development firm has expanded its scope to include single-family, multifamily and large-scale commercial projects. He lauded attendees for surviving in today’s housing market, stating that, “We should all be proud of the fact that we’re still in business.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.