On March 1, a builder entered into a contract with a buyer to build a home on land the builder owned and then transfer it to the buyer for $350,000. The builder and the buyer agreed that construction would be completed on August 1, and that escrow would close on the transaction on August 15. The contract also contained a time-is-of-the-essence clause at the insistence of the buyer, whose lease on his current home was set to expire on September 1. State law required that a home builder have an architect's certificate of completion before any residence could be conveyed to a purchaser. The builder employed his own architect to design and oversee construction of his custom homes. Construction of the buyer's house was not completed until August 5. On August 8, the builder discovered that his architect had left the country without preparing the certificate of completion for the home. The builder was not able to obtain the certificate until August 20. When the builder attempted to place the deed and certificate of completion into escrow, he learned that the buyer had canceled escrow on August 16 and refused to proceed with the purchase. The builder sold the home nine months later for its then-reasonable market value of $330,000. He brings an action for damages against the buyer, seeking $20,000, the difference between the contract price and the amount he ultimately received for sale of the house. Will the builder recover