housing finance

A Tale Of Two: Reframe The Supply Chain As A People Chain

Capital 10.13.21

A Tale Of Two: Reframe The Supply Chain As A People Chain

Memes of stacked shipping containers, and log-jammed container ships, etc. notwithstanding, construction and real estate's workflows, construction cycle, and value chain mean people are the essential resource.

The 5th Cycle: Frank Anton On Housing's Law Of Gravity

Capital 09.13.21

The 5th Cycle: Frank Anton On Housing's Law Of Gravity

What-if? The question few housing business stakeholders care to factor into their forecasts right now is what happens when -- not if -- interest rates spike?

Big Gov And Wall Street Go Toe To Toe Over Private Equity Influx Into SFR

Policy 10.25.21

Big Gov And Wall Street Go Toe To Toe Over Private Equity Influx Into SFR

In Capitol Hill hearings, surging corporate private equity investment in residential real estate -- particularly into single-family rental portfolios -- gets the third degree

Bumpier Times As Market Forces Stress-Test Solid Fundamentals

Capital 09.20.21

Bumpier Times As Market Forces Stress-Test Solid Fundamentals

P4 -- a fourth revision to 2021 budget and operational forecasts -- needs to reflect shifts from tailwinds to headwinds before 'actuals' start comping to booming 2020 measures.

Throughput Delays Crush Private Homebuilders' Cashflow

Capital 08.16.21

Throughput Delays Crush Private Homebuilders' Cashflow

As constructus interruptus disrupts building cycles, privately capitalized operators hold little leverage for continued access to lines of credit, construction-to-perm loans, and project financing.

Reg Burden's A Bane, But Fixing Rules Alone Doesn't Mean Gain

Policy 06.25.21

Reg Burden's A Bane, But Fixing Rules Alone Doesn't Mean Gain

For those whose livelihoods stem from work producing homes in the housing crisis, each area of expertise looks through his or her own lens, and each assigns a different weight of importance to forces that impact that cost curve.

The Incredible Shrinking Spec Inventory of New Homes

Capital 06.24.21

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.