Prior to the recession, Winston-Salem home builder Shugart Enterprises LLC was the Triad’s busiest home builder, closing on about 600 lots per year on average. With home prices ranging from $92,000 to $630,000, Shugart consistently had about 30 developments in the works. Going into the slump, the builder had 700 lots in its inventory.
It’s taken five years to work through that inventory, and Shugart Enterprises founder Grover Shugart is finally moving forward with some new projects — and a smaller appetite. [Read more…]