FRONTDOOR COMMUNITIES’ TERRY RUSSELL SPEAKS AT NATIONAL ASSOCIATION OF REAL ESTATE EDITORS CONFERENCE
On June 7, Terry Russell, CEO and founder of FrontDoor Communities, a residential development and homebuilding operation in Atlanta, GA joined other notable experts on a panel discussion about the current state of the homebuilding market. The discussion took place at the 47th Annual Real Estate Journalism Conference in Atlanta, hosted by the National Association of Real Estate Editors (ANREE).
Russell joined Fred Ehle of Pulte Group and Eugene James of Metrostudy on a panel titled “Builders and Back: Homebuilding Rebound”, which focused on the resurging housing market in Atlanta and around the country. Nancy Sarnoff, real estate reporter for the Houston Chronicle moderated the panel.
“We’re in the beginning stages of the upswing of the latest homebuilding cycle,” Russell said. “2013 will be better than 2012 and 2014 will be better than 2013.”
The panel also discussed housing trends the panelists are seeing in this new emerging market. “We’re seeing every larger open common areas,” commented Russell. “Inside, minimalism is king, but exteriors are remaining relatively traditional.”
James added that he’s “surprised to see multiple offers on the ‘C’ locations, not just ‘A’ and ‘B’.”
Terry Russell is a 28 year veteran of the homebuilding industry and has played a leadership role in the Southeast real estate industry for two decades. His extensive track record of growing successful businesses is founded in his keen eye on consumer trends and his ability to deliver creative solutions to both financial and operational challenges. Prior to forming FrontDoor Communities, Terry served as President of Reynolds Development & Management Group and has proven experience in leading all disciplines of a real estate company. He spent 22 years with John Weiland Homes and Neighborhoods (JWHN) and led the company to five straight years of record revenues and profits as both President and CEO. Under his leadership, the company won hundreds of national and local awards, including being named “America’s Best Builder” in 2005.
Launched by veterans of the home building industry with 25+ years’ combined experience, FrontDoor Communities is a full-service real estate firm that is grounded in the reality of the marketplace with an eye toward the current economy’s consumer needs and wants. FrontDoor executives are a core team of proven leaders with a clear vision of current and future opportunities in the marketplace. FrontDoor is strategically structured to be opportunistic of and responsive to the real estate cycle. We are focused on urban and suburban infill, resorts and club operations from management, development, transaction and new building perspectives.