by Rhett Loveman | Dec 16, 2024 | Insights
Lot shortages have emerged as a significant challenge in the US housing market. It effects construction activity, affordability, and market dynamics. Seventy-five percent of builders plan to start more homes in 2024 than in 2023, so...
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
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
Our previous article gave an overview of the entitlement process. Now we’ll explore entitlement holders and what constitutes a fully entitled site. Local Entitlement Holders Entitlements start at the municipal level with the crucial step of zoning. It’s the...
by Rhett Loveman | Dec 16, 2024 | Insights
The fourth quarter earnings for 2023 saw public homebuilders ending the year on a high note as strong sales dominated the headlines. There’s an expectation that 2024 might experience a continuation of the homebuying surge that concluded 2023 on a...
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....
