America’s housing affordability debate has become one of those national arguments that sounds complete until you look at the product itself. The prevailing story holds that homes became unaffordable because prices outpaced incomes. That is true, but incomplete. The uncomfortable truth is that America’s housing crisis is not only a price problem. It is also […]
We have met one enemy of housing affordability … it is us Read More »
Housing starts increased in April compared with a year ago, but a deeper dive into the data reveals that this uptick was driven by a noisier boost in multifamily development activity, while single-family starts declined. According to the U.S. Census Bureau’s new residential construction data released on Thursday, housing starts, on a seasonally adjusted basis,
Single-family housing starts fell in April, but multifamily gained momentum Read More »
On Wednesday, the U.S. Department of Housing and Urban Development (HUD) released a detailed deregulation roadmap aimed at state and local governments that, it argues, could lower per-unit costs and shorten cycle times for homebuilders. HUD’s new “State and Local Best Practices for Home Construction” report offers a set of recommended policy changes that target
HUD urges states to cut fees, simplify codes and fast-track permits Read More »
Homebuilders maintained a subdued outlook in May, pressured by higher mortgage rates, rising inflation and affordability constraints. Ongoing conflict in Iran raises the risk of increased building material prices, further complicating an already uncertain environment. However, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), homebuilders appear to be more
Builder confidence remains subdued; suppliers eye price hikes Read More »
Less than a month after announcing its pending TopBuild for $17 billion, QXO’s business strategists outlined plans to integrate the company into its platform, drive higher profitability and accelerate organic growth across the combined business. On Monday, QXO released an investor Q&A document that detailed the company’s growth strategy, as the Brad Jacobs-backed firm plans
Inside QXO’s growth plan after $30.2 billion acquisition spree Read More »
WEST LAFAYETTE, Ind. – Estridge Homes has broken ground on Millbrook, a 345-acre master-planned residential and mixed-use community in West Lafayette that will bring more than 1,000 new for-sale and rental homes to one of Indiana’s most active university growth corridors, the company announced. According to the April 28 announcement, Millbrook is planned for approximately
Estridge launches 345-acre Millbrook MPC in West Lafayette Read More »
Construction project finance plays a crucial, time-sensitive role in residential construction, helping contractors, remodelers, and builders access funding draws throughout a project’s lifecycle. Historically, however, the process has been inefficient, requiring lengthy review and approval timelines that cause delays and take attention and manpower away from other important tasks. “It’s just one of the most
How AI accelerates construction draws and cuts review times Read More »
No major U.S. metro area has more single-family rental (SFR) homes owned by institutional investors than Atlanta, with current totals sitting at roughly 72,000 houses — nearly doubling No. 2 Phoenix. That concentration represents about 30% of Atlanta’s single-family rental market, a share 10 times the national average, according to a new report from the
Build-to-rent explodes in Atlanta — and agents are taking notice Read More »
New home sales at the onset of the spring selling season were higher than a year ago, but homebuilders continued to ramp up incentives and price discounts to maintain sales activity. As a result, new home prices fell to their lowest point in nearly five years during March. There were countless headlines over the past
Scarcity buoyed March new home sales; builder pressures mount Read More »
The story of American homebuilding is mostly one of bootstrapped businesses. They mostly get forged in hard circumstances, with a single, almost instantaneous reckoning that there are no shortcuts to success … or even to being around in five years, fighting to achieve it. It requires leaders willing to take risks across land, capital, construction,
The Gathering takeaway: how Olivia Clarke Homes wins in DFW Read More »