We’ve said it before. When D.R. Horton reports its quarterly earnings, what you’re watching isn’t just the scoreboard of America’s largest homebuilder. You’re watching a business model operating at a different altitude — and with different oxygen — than almost every other homebuilding enterprise in the country. And when it performs, the implications go far […]
What D.R. Horton’s dominance means for every U.S. homebuilder Read More »
Invitation Homes’ $89 million acquisition of ResiBuilt – one of homebuilding mergers and acquisitions’ 2026 table-setters – is a “small” deal that can change the rules of engagement and shift the balance of competitive power for two adjacent ecosystems. Here’s the context: Single-family rental REITs, with an exception or two, have historically been buyers of
Invitation Homes’ $89 million ResiBuilt buy brings building in-house Read More »
Residential construction fell to its lowest point since May 2020, according to an October U.S. Census Bureau report that was delayed by last year’s government shutdown. Widening air pockets of demand over the past year led to an overbuild of speculative homebuilder inventory in — formerly booming — Sun Belt and Mountain West markets. Builders
Housing starts fall to lowest point since 2020, led by a stall in the Sun Belt Read More »
Many owners, presidents, CEOs, and business leaders we’ve gotten to know over the years at America’s homebuilding firms begin and end each day by turning on the lights, making coffee, and setting out to improve at least three aspects of their operations. January 5, 2026. January 6, 2026. January 31, 2026. And eventually, on December
Learning, capital, and demand: The critical levers for homebuilders in 2026 Read More »
Companies across all industries, including homebuilding, have walked back their DEI rhetoric or reduced their public disclosures of diversity, equity, and inclusion programs over the last year. The retreat stands as a signal that activist investors and federal pressure are having an impact on such initiatives. Homebuilders navigating this issue tread a delicate path. They
Under pressure, public homebuilders rebrand or mute DEI stance Read More »
Dwight Schar, the founder and former executive chairman and CEO of NVR Inc., has died, according to posts on LinkedIn. James Honeycutt, managing partner at Credo Construction, discussed Schar’s legacy in a post on Thursday afternoon. “Mr. Schar wasn’t flashy or dismissive — just calm, kind, and very clear on what mattered most. He chuckled
Dwight Schar, founder of NVR Inc., has died Read More »
Homebuilding executives remain downbeat, citing a range of current conditions marked by buyer hesitancy, economic uncertainty, shrinking profit margins, increased use of incentives, and high costs. However, homebuilders whose primary focus is the strained entry-level buyer segment face the biggest hurdles. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)’s builder confidence
Homebuilder confidence ticks up but remains low Read More »
Builders often talk about “uncertainty” as if it were a temporary fog that had to clear eventually. Rates will decline, the Fed will pivot, pent-up demand will return, migration will pick up again, and the longstanding pattern of structural underbuilding will resume. The idea that the industry’s biggest risks come from the outside—and that the
Why invisible risk will define homebuilding’s 2026 reality Read More »
For Toll Brothers, whose enviable core customers are ones whose financial wherewithal effectively shields them from worries about high prices and high interest rates, the question is not “can they buy?” It’s will they? And will they buy now? “America’s Luxury Homebuilder” continues to rely on its move-up, active adult, and luxury segments — and
Toll Brothers leans on luxury to navigate homebuilding’s headwinds Read More »
It’s homebuilders’ last push, and their business and channel partners operate through friction on every front. Scarce, costly capital Slow approvals and entitlement drag Workforce constraints and generational handoffs Climate-driven costs and insurance uncertainty Buyer fear, hesitation, and confusion Margin compression stretching every variable An epic underbuild of new homes to the tune of somewhere
Why it’s too easy to say ‘no’ to new-home development in America Read More »