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
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
Interest rates remain unchanged since the summer, but several cuts are projected for 2024. A group of thirty-four economists, surveyed by the Philadelphia Federal Reserve in the United States’ oldest quarterly economic forecast...
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
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
In the hundreds of municipal zoning meetings I’ve attended in my career, the same three objections to new growth and development have been made at each one: traffic congestion, storm water runoff, and school capacity. These concerns are typically unfounded. Let me...
