AST Development Rebrands As AST To Fully Integrate Expanded Services And Capabilities
AST Development announces it has rebranded as AST. The rebrand marks the next phase in the company’s evolution as a leader in building and enhancing value across asset class and locations, creating unique opportunities for positive, long-term change in local communities.
Private construction financing: The ideal solution for New Jersey-based homebuilders
In theory, times have never been better for homebuilders.
A national shortage of homes paired with demographic shifts that have caused a large number of new buyers to enter the market has led to record-high prices for new homes throughout the nation's most competitive markets.
However, the reality is that the pandemic and macroeconomic forces have placed tremendous pressure on homebuilders who are hoping to bring much-needed housing to the market. For homebuilders in New Jersey, the rising cost of materials and high labor costs are also exacerbated by a highly constricted land supply that adds yet another hurdle in an already difficult environment. Within this challenging market, small-to-medium-sized homebuilders are often met with another critical barrier in bringing their visions to life - construction financing.