Altabanking episode 4 with Ron McArthur

April 3, 2020

Ron McArthur – Altabanking Interview KSL Radio Transcript:

Segment title: “A Utah Housing Market Update During The Coronavirus Outbreak.”

GRANT: Welcome to Altabanking. Weekly business talk geared toward elevating your financial future. Ron McArthur is with McArthur Homes. And Ron,  something that is important is that even with the coronavirus happening, people are still moving here and need places to live. Being a home builder, what is the current state of housing in Utah?

Ron: At least anecdotally, sales are still strong. McArthur Homes, for example, is about 30% ahead of our YTD sales, and other production builders I spoke to are still on pace for their annual business plans as well. I spoke with one sub-contractor last week who said his phone hasn’t stopped ringing since Friday March 20th; so, things are still at a good pace.

GRANT: What do you think will happen in light of everything that is going on right now? Both short term and long term?

Ron: That’s a great question. You know, the home building industry here in Utah is full of small business owners we live here, work here, raise our kids here and we’re not going anywhere. We want what’s best for the community, both now and in the future. So right now, we are following all the guidelines for safety, and doing what the government’s encouraged us to do, but at the same time we’re working to build homes for our Utah families. They need places to live now, and they’ll need them in 6 months, and a year from now. Fortunately, for the most part, our trade contractors work in small numbers – often only 2 or 3 at a time in an entire house – so social distancing is easily accomplished for us.  And much of the work is outside.

GRANT:  What advice do you have for other small and dependent businesses right now?

Ron: To take on the risks of owning and running any small business, you have to be an optimist, I think.  We each choose how we respond to circumstances, and I think that’s up to us. I really liked some advice I heard last week on TV from a woman living in Northern Italy through all this. She counseled us, “Choose Faith over Fear, Peace of Panic, and look for ways to be kind.” That’s what we are working on at McArthur Homes.

GRANT:  Thank you very much. Ron McArthur with McArthur Homes. And this has been Altabanking, brought to you by Altabank.