by Rhett Loveman | Dec 16, 2024 | Insights
At Terramoor we specialize in acquiring, entitling, and developing land for communities. These can be foreign terms to those not intimately involved in the real estate development business. So this blog post is devoted to simplifying the process of what it means to...
by Rhett Loveman | Dec 16, 2024 | Insights
The City of Auburn recently filed suit against a developer for filing a record plat map subdividing property without the City’s consent or authorization. Background In 2019 and again in 2022, the developer recorded two separate condominium plats for a parcel of land,...
by Rhett Loveman | Dec 16, 2024 | Insights
To start with the Federal Reserve has indicated that the US economy will be struggling with slower growth, higher unemployment, and more inflationary pressure in the coming year. January will greet Americans with the same high inflation environment and high mortgage...
by Rhett Loveman | Dec 16, 2024 | Insights
Build to Rent (“BTR”) refers to subdivisions of attached or detached single-family homes that are rented out by a management company, similar to the way apartment complexes are managed. Despite their increasing popularity, BTR homes make up only a small...
by Rhett Loveman | Dec 16, 2024 | Insights
In the third quarter of 2023 public homebuilders noted an uptick in sales and revenues over last year despite market affordability challenges. The National Association of Home Builders (NAHB) Housing Market Index — a barometer for home sales sentiment and ratings —...
by Rhett Loveman | Dec 16, 2024 | Insights
Spring 2023The Federal Reserve recently approved its tenth interest rate hike since March 2022. That action, compounded with a tumultuous banking environment including three midsize banks fails, has the Feds own economists warning of a mild recession.That said, talk...
by Rhett Loveman | Dec 16, 2024 | Insights
The Past New York City was the first to adopt a comprehensive zoning ordinance in 1916. It was primarily directed at limiting the width and bulk of skyscrapers and establishing several zoning districts to allow for, or prohibit, certain uses. Other municipalities were...
by Rhett Loveman | Dec 16, 2024 | Insights
A group of Tuscaloosa apartment owners filed a lawsuit against the City of Tuscaloosa, alleging that a new tax unfairly targets student housing projects of a certain size. On September 21, 2021, the Tuscaloosa City Council adopted Ordinance No. 9112, which increased...
by Rhett Loveman | Dec 16, 2024 | Insights
There is an effort gaining momentum in state legislatures to create zoning laws that allow for creative solutions to the nation’s affordable housing crisis. Lawmakers in several states have approved legislation that allows for the “missing middle,” a term used to...
by Rhett Loveman | Dec 16, 2024 | Insights
The dwindling supply of available lots should be a matter of concern for every homebuilder, especially when considering two critical factors: 1) the process of developing a lot typically takes an average of 24 months; 2) lenders are increasingly cautious about...
