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
'The Veneer Has Come Off The Market:' Texas-Based Private CEO
Housing starts continue to reflect a demand downshift as cost-of-living and mortgage rates impact payment power. Most builders envision a pre-2019 'normal' demand level as the floor.
Leadership
Private-Public Homebuilder Divides Sharpen As Market Shifts
Builder sentiment takes a big hit as would-be homebuyers and their payment power fail to keep pace with price and interest rate shocks. Now builders begin to open their toolbox for rougher-going ahead.
Land
Return-To-Work Measures May Stress-Test Wider-Radius Theory
In early Covid time, outer ring opportunity called like it was the Next Big Thing in residential planning and development. With the verdict still out on remote work, some bets are in question.
Capital
Bull, Bear, Or Indifferent, It's Time To Game Out Housing Scenarios
Bullish signals flash green, while bearish noise ups the volume to an unholy din. Who's the contrarian? More importantly, who's early, late, and right?
Land
A Slew Of Fast-Unspooling Risks Pressure Land Underwriting Data
Where homebuilders pick up a pivotal signal of a cyclical downturn ahead often comes clear in a typical Monday land committee meeting with corporate finance and treasury. Those meetings are suddenly taking a new tone and new data points.
