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The Builder’s Daily

Millrose outperforms with disciplined growth, strong partnerships

Homebuilders, Land, Residential Real Estate, The Builder's Daily /

Now one for the books, the 2025 homebuilding market slowed in new construction, resulting in contract cancellations and reduced takedown activity. Millrose Properties, whose epic scale and timing launched a new era in land banking and asset-light homebuilding development in early 2025, bucked that trend.  Millrose – which began spinning out from Lennar in December […]

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Whitmer calls for Michigan housing reform to cut red tape

Affordable housing, Policy, Residential Real Estate, The Builder's Daily, Zoning /

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

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Hovnanian recalibrates amid a shift to a higher-margin mix

Earnings, Homebuilders, Leadership, Residential Real Estate, The Builder's Daily /

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

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From IPO spark to global scale pivot: Tri Pointe enters a new power axis

Homebuilders, Leadership, Mergers and Acquisitions, Residential Real Estate, The Builder's Daily /

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

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How one Florida community transformed hurricane resilience into record sales

Homebuilders, Land, Natural Disaster, Residential Real Estate, The Builder's Daily /

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

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Builders engineer payments, not prices — LGI results highlight why

First-Time Homebuyers, Homebuilders, Leadership, Residential Real Estate, The Builder's Daily /

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

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Georgia lawmakers revive push for LIHTC property tax protection

Affordable housing, Low-Income Housing Tax Credit, Policy, The Builder's Daily /

Georgia affordable housing developers revived an effort to amend the state constitution to shield their properties from steep property tax hikes. State Rep. Shaw Blackmon, chairman of the House Ways & Means Committee, and State Rep. Rob Leverett officially introduced a constitutional amendment on Monday. It proposes treating low-income housing tax credit properties as a

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Midwest apartment demand outpaces Sun Belt as rents remain firm

Affordability, Affordable housing, Capital, Housing Market Data, Rental Properties, The Builder's Daily /

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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January “green shoots” won’t tell homebuilders what July will

Homebuilders, Leadership, New Home Sales, Residential Real Estate, The Builder's Daily /

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 »

2025 new-home sales inched up; concessions weakened prices

Homebuilders, Marketing & Sales, New Home Sales, Residential Real Estate, The Builder's Daily /

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

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