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...
by Rhett Loveman | Dec 16, 2024 | Insights
If Alabama enacts the school choice program pending in the legislature, it will join the ranks of the 32 states with similar initiatives. School choice is an integral part of America’s education system, but...
by Rhett Loveman | Dec 16, 2024 | Insights
Until recently, homeownership has been an attainable American dream. It is the preferred housing choice for American families because it builds wealth for the owner, generates tax revenue for the local municipality, and contributes to the well-being of the community....
by Rhett Loveman | Dec 16, 2024 | Insights
In the wake of the recent U.S. Supreme Court ruling on the Sackett v. EPA case, property developers and homebuilders have been eagerly awaiting updated guidelines on the revised Waters of the United States (WOTUS) rule from the Environmental Protection Agency (EPA)...
by Rhett Loveman | Dec 16, 2024 | Insights
For builders and developers, effectively navigating the complex dynamics of HOAs and restrictive covenants is a crucial component of the residential development landscape. The Supreme Court of Alabama recently confirmed that implied restrictive covenants can...
