TBD Capital
From debt and lending to equity and strategic investment, how housing-as-a-solution drives financial equity expansion and growth.
Capital
Land, Capital, And Control — A New Playbook In Homebuilding
Five Point Holdings’ acquisition of a controlling stake in Hearthstone points to the direction of homebuilding strategy: toward lighter land positions, more agile capital flows, and a far more disciplined focus on vertical construction, consumer targeting, and time-to-market velocity.
Capital
For Market-Rate Housing, A Week That Will Help Clarify What's Next
Clarity, like it or not, will most likely begin with this week's and early November's series of employment data releases.
Capital
Homebuilding's Biggest Challenge For Q4 2022: Setting The Floor
Price, pace, and product are all in play in the wake of the impacts of inflation, schedule disruptions, and soaring rates. Expect the winners to be first to market with new prices, new products, and new absorption rate momentum.
Capital
Squeeze On Privately-Capitalized Builders Tightens As Market Slows
As property valuations take a hit, a sudden glut of specs due to cancellations can trip a covenant, which can domino into a cash-flow crisis for builders without a back-up stash of ready money.
Land
Bidders Thin Out On The Land Acquisition Front: Time To Pounce
As builders begin to curb once ravenous appetites for lots, counter-cyclical players step up their land purchases to buffer builders' risk exposure.
Together with
Builder Advisor Group
Policy
Volatility Is The New Normal In Homebuilding And Development
Beyond a bumpy, choppy, spotty near-term, turbulence seems more and more likely over the longer haul as well.
