Homebuilding scale emerges as a fiduciary priority for boards

A question has hovered over America’s publicly traded homebuilders as the price, pace and margins plot thickened on or about February 28, 2026. How big is big enough anymore, especially with the cloud of uncertainty that intensified on the day the Iran War began? Taylor Morrison Home Corp.‘s recently filed proxy statement, detailing the process […]

Ivory Prize honors solutions in a higher rate, higher risk backdrop

Ivory Prize honors solutions in a higher rate, higher risk backdrop
The affordability crisis in American housing demands more invention, more experimentation and more scalable models to break through the chronic chokeholds of economic, building-technology, and political will. The hard truth is that, against a backdrop of a harsher-than-expected new-home sales season and a higher-for-longer interest-rate environment, the operating environment is making it harder to fund, […]

Millrose Properties one-year report card, Q1 2026 earnings

A year ago, when Lennar completed the spin-off of Millrose Properties into a standalone, publicly traded REIT, the sheer size, root motivation and the complex nature of the pivot ushered in an era of land-banking unlike any before. Global capital asset managers followed suit. Land-banking and asset-light or land-light business and balance sheet management began […]