by Rhett Loveman | Dec 16, 2024 | Insights
Legislatures in Arizona, Colorado, and Rhode Island are building on the zoning reform achievements of the 2023 legislative sessions in other states to implement zoning reforms. Meanwhile, zoning reform attempts in other states have fallen short, but legislators remain...
by Rhett Loveman | Dec 16, 2024 | Insights
Individuals naturally act in their own best interest. This is known as “rational action theory.” This concept also extends to neighborhoods, where groups may prioritize their immediate surroundings, sometimes at the expense of larger, community-wide needs...
by Rhett Loveman | Dec 16, 2024 | Insights
In a recent opinion, the Supreme Court of Alabama held that if a preliminary subdivision platcomplies with all the City’s subdivision regulations, then it cannot be denied approval for vague or unspecified reasons. T Investments,...
by Rhett Loveman | Dec 16, 2024 | Insights
In early June, the Alabama legislature wrapped up its 2023 Regular Session which included the passage of several bills that affect the housing and development industry. Below is a summary of each bill, related to the housing industry, that has been signed into law by...
by Rhett Loveman | Dec 16, 2024 | Insights
When that perfect piece of property has a river (or a stream) running through it, the landowner must obtain an environmental permit before development can begin. Even standard development activities, such as the installation of storm pipe, waterlines, and roadway...
by Rhett Loveman | Dec 16, 2024 | Insights
“Buy land, they’re not making it anymore.” This well-known adage, often credited to Mark Twain, is familiar to many. It’s something we understand instinctively yet bears reiterating: land is a finite resource. Once developed, adapting land for alternative uses...
by Rhett Loveman | Dec 16, 2024 | Insights
The cost of land and entitlements drive housing costs and are influenced by a variety of factors. Permit, tap, and impact fees coupled with work required to adhere to regulations, zoning, and building codes, directly affect pre-construction costs. Substantial dollars...
by Rhett Loveman | Dec 16, 2024 | Insights
Traditional ModelA good development must start with the right piece of land. As any builder knows land is expensive to purchase, time consuming to entitle, and costly to develop. The variables involved in acquiring, entitling, and developing land are also complex and...
by Rhett Loveman | Dec 16, 2024 | Insights
The Past and Present:Over the past two years, the US housing market has moved at a frenzied pace. The availability of new homes and resales alike have not kept up with demand. The same holds true for developed lots in residential communities. Demand has outpaced...
by Rhett Loveman | Dec 16, 2024 | Insights
In recent years, the real estate market has witnessed a surge in a rather unconventional trend: the build-for-rent (BFR) phenomenon. Rather than building homes to sell, developers and investors are increasingly constructing residential properties explicitly for rental...
