The Price of Progress with Tyler Frank | Friends of Build Magazine #74

<p>Today Ted speaks with Tyler Frank of Malmquist Construction in Whitefish, Montana. Tyler, a project manager and owner, shares his experience building relationships, nurturing trades, and the recent projects he’s taken on. In luxury home building, there’s always a new idea or a new product, and that requires teamwork.</p><p>Creativity abounds in the mountains, and Tyler discusses how he approaches each project with respect for his unique clients and the natural surroundings. If you’ve wanted to know what clients are looking for in a resort town near a national park and what it takes to build there- this is the episode for you. </p><p>TOPICS DISCUSSED</p><ul><li>[1:35] Taking over a good company</li><li>[3:20] Labor Markets and Supply Chain</li><li>[6:13] Lack of affordable housing</li><li>[10:07] Building relationships between clients and subs</li><li>[13:50] Progress and climate in Whitefish, Montana</li><li>[21:30] Doing the right thing</li><li>[26:00] Relationships with clients are the most important</li><li>[30:00] How do you help a client enjoy the process of building </li><li>[35:00] New Project</li><li>[50:40] Has the building process become more complicated?</li><li>[53:50] Exciting new features in homes</li><li>[57:30] Price of homes increasing</li><li>[59:20] Where will the Whitefish, Montana market be in 5 years</li></ul><p>CONNECT WITH GUEST</p><ul><li><a href="https://malmquist.com/our-team/">Website</a></li><li><a href="https://www.linkedin.com/in/tyler-frank-60854b95">LinkedIn</a></li></ul><p>KEY QUOTES FROM EPISODE</p><ul><li>Does labor price ever come down? Yeah, it does. I mean, it does. And it will, you know, we're seeing right now, in today's market. The houses that are, let's say, less than a million dollars, those houses are slowing down in this area, because when you've got the cost of to build being, you know, let's say 25%, more than what they were originally had it as a budget. And then interest rates are, you know, in the seven or 8% versus three, that's double the interest that they