by Rhett Loveman | Dec 16, 2024 | Insights
The 2024 Q2 results showed strong employment, a persistent shortage in housing supply, and robust demand fueled by strong household formation. Net Sales Faced with persistently high interest rates and home prices, buyers still jumped...
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...
