Capital

Ivory Prize honors solutions in a higher rate, higher risk backdrop

The affordability crisis in American housing demands more invention, more experimentation and more scalable models to break through the chronic chokeholds of economic, building-technology, and political will. The hard truth is that, against a backdrop of a harsher-than-expected new-home sales season and a higher-for-longer interest-rate environment, the operating environment is making it harder to fund, […]

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Millrose Properties one-year report card, Q1 2026 earnings

A year ago, when Lennar completed the spin-off of Millrose Properties into a standalone, publicly traded REIT, the sheer size, root motivation and the complex nature of the pivot ushered in an era of land-banking unlike any before. Global capital asset managers followed suit. Land-banking and asset-light or land-light business and balance sheet management began

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Inside the 2026 housing market outlook: Key trends shaping homebuilders, capital and strategy

The 2026 housing market is entering a new phase, shaped less by structural constraints and more by external forces influencing buyer confidence. At this year’s annual Forum for Housing Executives, hosted by Builder Advisor Group and Avila Real Estate Capital, more than 80 C-level leaders gathered to assess the housing market trends for 2026 and

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The Infrastructure Cost Squeeze and What Builders Can Do

The Infrastructure Cost Squeeze and What Builders Can Do

Infrastructure costs and impact fees remain the persistent financial burdens in residential development. Site grading, roads, water systems, sewer lines, drainage, utilities and development impact fees are rising faster than home prices can absorb them. For builders operating on already compressed margins, the question is how to finance these costs without passing every dollar through

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Texas SB 17 has reshaped foreign capital in homebuilding

America’s largest homebuilders no longer just build subdivisions. Rather, they’re consolidating power. Scale is the new advantage, land is the new currency, and increasingly, ownership structure is the new danger. Foreign capital hasn’t pulled back from U.S. housing. It’s being organized. Japanese firms are building empires. Chinese-linked builders are hitting a wall. Texas, never hesitant

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Midwest apartment demand outpaces Sun Belt as rents remain firm

Midwest apartment demand has quietly become one of the strongest stories in U.S. housing, even as the national rental market cooled.​ RentCafe, using data from its sister apartment rental analytics provider, Yardi Matrix, listed Cincinnati as the top apartment market to watch this rental season. Minneapolis, Cleveland and Kansas City, Missouri, ranked in the top

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