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The Builder’s Daily

Why it’s too easy to say ‘no’ to new-home development in America

Housing, Housing Crisis, Housing Demand, Leadership, The Builder's Daily /

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 […]

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Housing affordability dominates California gubernatorial race

Affordability, Affordable housing, California, Home Prices, Policy, Politics, Rent Prices, The Builder's Daily /

California has made significant efforts to address housing affordability through numerous new laws under Gov. Gavin Newsom. Candidates seeking to replace the term-limited Newsom, however, act as if little has been accomplished. The laws lacked swift, decisive enforcement to push the affordable goal, according to California billionaire Tom Steyer, a former presidential candidate and the

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California infill builder turns idle lots into housing in land-constrained coastal markets

California, Energy, homebuilder, Homebuilders, Land, The Builder's Daily /

Coastal California, with its high property costs, unique geography, and acute local political and physical land-use constraints, presents among the most challenging market dynamics for homebuilding. Amid these difficulties, there are also opportunities to repurpose underutilized land in innovative ways.  Converting parcels that are hard to entitle and develop is a homebuilding secret-sauce skillset, capable

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Connecticut rolls back zoning limits to target housing shortage

Affordable housing, Housing, Housing Demand, Housing Inventory, Policy, The Builder's Daily, Zoning /

Connecticut will officially join other states in rolling back decades-old zoning limits to make ground-up homebuilding easier and more plentiful. Last Wednesday morning, Gov. Ned Lamont signed compromise legislation created during a special session in mid-November, months after he vetoed the original bill as the state addresses an estimated 100,000-unit housing shortage. According to sister-title

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Are mortgage buydowns a lifeline or a risk for new homebuyers?

homebuilder, Homebuilders, Leadership, Mortgage Rates, New Home Sales, The Builder's Daily /

The debate over the large builders’ elevated use of mortgage buydowns — and the potential risks to buyers — isn’t new. Reigniting the argument, a recent report from the American Enterprise Institute (AEI) asserts that mortgage buydowns among the large builders are artificially inflating new home prices, therefore creating a risk for buyers in the

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Note to self: sell the lifestyle, not just the house, to boost sales

Architecture, Homebuilders, New Home Sales, The Builder's Daily /

Selling houses in an uncertain market, as we find ourselves in today, is challenging. Maybe we should stop trying to sell the house and instead focus on the positive impact it will have on our buyers’ lives. This is the approach Mars Inc. used to sell its Snickers bar. The ad campaign “You’re not you

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NYC landlords sue over rent law as vacant units climb

Affordability, Affordable housing, Policy, The Builder's Daily /

New York City Mayor-elect Zohran Mamdani won after campaigning on expanding rent stabilization to improve housing affordability. When he becomes mayor in January, Mamdani will face a lawsuit challenging New York’s rent stabilization law. A group of New York City landlords sued, arguing that the law sets rents too low to justify spending thousands of

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Off-site housing: cure or political distraction? Our Denver correspondents weigh in

Policy, The Builder's Daily /

At The Builder’s Daily Focus on Excellence Conference in Denver, we had a chance over breakfast to discuss what we were seeing in off-site housing. While we have come at this from different angles and have seen different aspects of it, we reached a similar conclusion. Both of us have believed for years that off-site

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DRB Homes brings for-sale housing to Navy Yard Charleston

homebuilder, Land, Residential Real Estate, Single-Family Housing, The Builder's Daily /

When South Carolina’s Charleston Naval Shipyard closed in 1996, the decision led to significant job losses and economic shock for the local community. North Charleston spent years crafting redevelopment plans for the 2,800-acre site and its collection of historic buildings. Now, the city is seeing success. Like many former military bases across the country, the

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Beazer Homes shifts to move-up buyers, bets on energy efficiency

Earnings, homebuilder, Homebuilders, Leadership, The Builder's Daily /

As major builders like D.R. Horton and Tri Pointe Homes trim new home starts to protect margins, Beazer Homes is taking a page out of Lennar’s playbook. Beazer’s Q4 earnings call reveals a builder determined to sustain a robust sales pace, even as it navigates a lower-margin reality driven by a spec-heavy approach and increased

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