by Rhett Loveman | Dec 16, 2024 | Insights
Builder sentiment remains positive at the midway point in 2023 despite higher interest rates, supply-side challenges, and developed lot shortages. The National Association of Home Builders (NAHB) Housing Market Index, which measures the outlook on home sales and...
by Rhett Loveman | Dec 16, 2024 | Insights
Developers often have to relocate existing utilities when building new infrastructure like roads, bridges, and buildings. Utility relocation entails shifting or modifying current utility lines like gas, water, sewer, electricity, or...
by Rhett Loveman | Dec 16, 2024 | Insights
In March, we discussed the anticipated U.S. Supreme Court opinion in Sheetz v. County of El Dorado. In Sheetz, a California county levied a $23,420 “traffic mitigation fee” against a property owner that sought a permit to construct a mobile home on...
by Rhett Loveman | Dec 16, 2024 | Insights
Access to quality schools is a key factor driving Alabama’s housing market. Families who want to ensure their children attend good schools are limited to specific neighborhoods. Because of the demand for these neighborhoods they often come with...
by Rhett Loveman | Dec 16, 2024 | Insights
The adage and number one rule in real estate is “location, location, location.” While it’s true that identical homes can increase or decrease in value due to location, public school districts are a key factor that causes property valuations to fluctuate from one area...
by Rhett Loveman | Dec 16, 2024 | Insights
Thanksgiving, a holiday deeply rooted in American culture, brings families and friends together to express gratitude for the blessings in their lives. It is a time for homecoming, and as families gather to give thanks, it’s an opportune time to reflect on how the...
by Rhett Loveman | Dec 16, 2024 | Insights
By now everyone is aware that there’s a slowdown in the real estate market. It affects every aspect of our industry albeit to varying degrees. Inflation and rapidly rising interest rates are often cited as the predominant factors. However, builders, developers, and...
by Rhett Loveman | Dec 16, 2024 | Insights
The inclusion of manmade ditches and canals under WOTUS has been a longstanding debate and was governed by the subjective “significant nexus” test. The Supreme Court’s decision in Sackett v....
by Rhett Loveman | Dec 16, 2024 | Insights
The average sales price for new homes in the US climbed to $485,000 in February 2024, against a backdrop of a per capita income of $41,261. This discrepancy highlights that the average American is priced out of affording a new home. Escalating home prices are...
by Rhett Loveman | Dec 16, 2024 | Insights
In residential development, entitlements refer to the legal rights granted by local authorities that allow developers to build specific projects on a piece of land. Working to ensure that projects comply with local zoning and land use regulations is...
