RPM’s Real Estate Strategy will try to duplicate its exclusive contract with the City of Columbus for certain New Orleans’ Parishes.
Columbus, OH (PRWEB) October 26, 2005 -- RPM Ventures, LLC, dba Reynolds Family Homes announced today that it has officially been accepted with the United States Central Contractor Registration in steps for New Orleans reconstruction. Also, RPM has recently met with its primary sub-contractor to place an order of raw materials for home building before prices increase.
The American Red Cross estimates that more than 350,000 homes were destroyed by Hurricanes Katrina and Rita, while an additional 146,000 had major damage. Overall 850,791 housing units were damaged, destroyed or left inaccessible because of hurricane destruction.
“We believe the stress on the Southern home builders will be tremendous and we can take orders to assist in the rebuilding effort,” Reynolds said. If RPM accepts orders of 2% of the Red Cross estimates equals 51,000 homes with an approximate gross income of more than $5 Billion dollars using the affordable housing rate of $110,000 per home.
As of September 15, 2005, the U.S. had already spent $62 Billion dollars, with some estimates for all work now reaching a whopping $300 Billion. Federal disaster declarations blanketed 90,000 square miles, an area almost as large as the entire United Kingdom. Meanwhile, President Bush promised “There is no way to imagine America without New Orleans, and this great city will rise again!”
“This mandate from the President offsets any worries about a real estate bust,” Tony Reynolds, RPM Chief Managing Member, said. “New Orleans will be rebuilt and our official U.S. contractor registration status, along with our direct contact with a Parish Reconstruction Chairman gives us a clear advantage to win contracts,” he said.
According to the National Association of Homebuilders (NAHB), the Red Cross estimated number of damaged homes equals approximately 17% of annual home construction, which is running at a pace of about 2 million a year. But this comes at a time when home builders are already working full tilt. In a survey before Katrina found more than 20% of builders in the South faced shortages of carpenters, while an additional 33% had less severe shortfalls.
“We are thrilled that our official status has been granted with the U.S. Central Contractor Registration!” Reynolds, said. “We have already started aggressively courting the individual parishes in New Orleans,” he said. “We will accept orders to take the stress off the local builders,” Reynolds said.
It was also just announced by Window Rock Capital Corporation, (OTC:NWMN), a Real Estate Asset Development company that it has entered into definitive a agreement with RPM Ventures, LLC , under which Window Rock will jointly assist RPM develop and manage building lots under an exclusive contract RPM has with the City of Columbus.
For more information contact:
At The Company:
Mr. Tony Reynolds
614-367-0315
# # #
|
