by Rhett Loveman | Dec 16, 2024 | Insights
Traditional ModelA good development must start with the right piece of land. As any builder knows land is expensive to purchase, time consuming to entitle, and costly to develop. The variables involved in acquiring, entitling, and developing land are also complex and...
by Rhett Loveman | Dec 16, 2024 | Insights
Unlike general taxes that are paid by all residents for government services, impact fees are paid solely by developers as part of the development approval process. They’re used as a way for municipalities to offset the additional costs incurred by the development....
by Rhett Loveman | Dec 16, 2024 | Insights
Our previous article discussed zoning barriers to attainable housing. In this article, we’ll discuss how infrastructure improvement costs, stimulus money, and onerous regulations are also affecting the attainable housing market.The initial land purchase can be a...
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 cost of land and entitlements drive housing costs and are influenced by a variety of factors. Permit, tap, and impact fees coupled with work required to adhere to regulations, zoning, and building codes, directly affect pre-construction costs. Substantial dollars...
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...
