"Just In Time" delivery is a nearly impossible notion in real estate. Jadedness aside about builders seldom being able to hit project deadlines, timing the market from a raw piece of land to occupied dwelling under a typical Oklahoma City residential model of development is seldom any less than an 18-month process even for the most experienced developer.

The Journal Record's Ted Streuli compares my view of how a reduction in filings for new developments will affect prices for new homes in Oklahoma City vs. County Assessor Leonard Sullivan's comments on what seems to be applicable, at least as presented, only to existing home prices.

I disagree with the suggestion that a reduction in new developments will push more sales towards existing homes under current conditions. Demand for new homes is what it is, and in today's climate, isn't yet affected by lot supply. We have more than plenty, and those of us who pay attention know it.

Demand for new homes already holds its own against existing homes' typical lower price per foot due mainly in part to a pick-up on the difference in total cost of ownership when considering how much more energy efficient new homes are over homes built even in the last ten years.