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...
by Rhett Loveman | Dec 16, 2024 | Insights
Despite a slow housing market, the cost of land and developed lots is still higher than expected. That is because lot prices are driven by several factors—home prices, existing lot supply, the cost of land development, builder demand, and the availability of...
by Rhett Loveman | Dec 16, 2024 | Insights
The 2024 first quarter results demonstrate a resilient housing market despite high interest rates and the presidential election year. That is likely because the fundamentals of the housing market stayed strong while demand continued to...
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...
