Gov. Gretchen Whitmer is using her final year in office to champion a sweeping housing package centered on a new affordable-housing tax credit. The proposal aims to boost construction for working- and middle-class Michiganders who are increasingly priced out of many communities. To do so, she wants to remove regulatory barriers and is piggybacking on […]
Whitmer calls for Michigan housing reform to cut red tape Read More »
Last quarter, Hovnanian Enterprises posted weak results, reporting a net loss that sent its stock (HOV) price crashing. Three months later, the company appears to have bounced back as it executes a strategic shift, but warning signs persist. Hovnanian Enterprises, the parent company of K. Hovnanian Homes, beat Wall Street expectations by reporting $20.9 million
Hovnanian recalibrates amid a shift to a higher-margin mix Read More »
Thirteen years ago, on a rain-slick January morning in lower Manhattan, a three-and-a-half-year-old homebuilder’s president pressed and held the New York Stock Exchange bell for a full count of ten. TRI Pointe Homes’ January 31, 2013 IPO wasn’t simply a liquidity event. It was a strategic and capital comet. Source: company materials Capital that had
From IPO spark to global scale pivot: Tri Pointe enters a new power axis Read More »
Southwest Florida was tagged by homebuilding business strategists and observers as one of the nation’s more difficult and listless markets in 2025. On the other hand, Babcock Ranch – a master-planned, solar-powered community located near Fort Myers – defied gravity, carrying on in better-than-expected fashion. While the region’s homebuilding market grappled with priced-out entry-level buyers
How one Florida community transformed hurricane resilience into record sales Read More »
We intended to dig into LGI Homes’ fourth-quarter and full-year 2025 earnings last week. Then the National Association of Home Builders’ International Builders’ Show happened in Orlando, and the days became a blur of conversations, walking meetings, and on-the-fly triangulation among builders, capital partners, manufacturers and operators trying to answer the same question in different
Builders engineer payments, not prices — LGI results highlight why Read More »
If you walked the aisles at this year’s International Builders Show, you could feel it. The vibe wasn’t panic. It wasn’t euphoria. It was something in between – a cautious optimism that maybe, just maybe, the worst is behind us. Traffic anecdotes sounded a little better. Some builders spoke about steadier January sales activity. Conversations
January “green shoots” won’t tell homebuilders what July will Read More »
A delayed December new-home sales release showed a slight increase in 2025 over a year earlier, but median new-home sales prices decreased, reflecting a challenging homebuilding market weighed down by cost reductions, elevated incentives and a slower-than-expected sales pace. “New home sales ended 2025 on a mixed but resilient note, signaling steady underlying demand despite
2025 new-home sales inched up; concessions weakened prices Read More »
With national vacancy rates hovering around 7%, property managers are under pressure to differentiate, retain residents, and operate more efficiently—all at the same time. The first 30 days of a lease are where those pressures converge. When move-in goes well, it builds trust, reduces friction, and sets the foundation for a productive resident relationship. When
Today’s headwinds new-home market rewards homebuilding teams that do the hardest things the best. In that light, a glib explanation for Toll Brothers’ Q1 2026 performance would be to point to geography and demographics: a luxury buyer profile, higher incomes and lower sensitivity to mortgage rates. The harder – and more reality-grounded – explanation is
For Toll Brothers, disciplined execution beats market uncertainty Read More »
Two people can look at the same parcel of land and come away with wildly different ideas and “facts” that determine how to value it. While there are more than three categories of landowner, most can be characterized in broad terms as developers, speculators or small parcel farmers/passive heirs. Each land-seller category has its own valuation process and formulas. The value creator A
The new math of land deals in Texas growth corridors Read More »