by Rhett Loveman | Dec 16, 2024 | Insights
In residential development, entitlements refer to the legal rights granted by local authorities that allow developers to build specific projects on a piece of land. Working to ensure that projects comply with local zoning and land use regulations is...
by Rhett Loveman | Dec 16, 2024 | Insights
In recent years, the real estate market has witnessed a surge in a rather unconventional trend: the build-for-rent (BFR) phenomenon. Rather than building homes to sell, developers and investors are increasingly constructing residential properties explicitly for rental...
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...
