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.
Marketing & Sales
As Wage Vs. Price Wedge Widens, Interest Rates Matter More
The pace of price increases is faster than wage growth in many places, exposing a fault line defined by historically low interest rates to narrow the gap to attainability.
Capital
Which Comes First, The Asset Class Or Housing Preference?
Will single-family short-term rental empires spring up to meet an unmet consumer housing/hospitality need? Big capital seems to believe it will be so, and targets it as a new asset class.
Capital
The Incredible Shrinking Spec Inventory of New Homes
Markers of buying power short-circuiting include a sudden scarcity of below $300k new homes, and a drying up of ready-to-occupy spec inventory. Interest rates had better damned well not go up.
Policy
Shut Off: Mortgage Data Reveals Race Gap In Pandemic Re-Fis
Disparities -- directly tied to racial discrimination -- define the threshold of the 2020s. Will they define the decade?
Capital
Why Home Partners Of America Suits Blackstone SFR Re-entry
In its $6 billion acquisition of HPA, Blackstone adds a "doing-well-by-doing-good" dimension to a shrewd, opportunistic position in the hot single-family-rental market.
