Toll Brothers underwrites lots for tomorrow’s market, not yesterday’s
As demand moderates, Toll Brothers is tightening its underwriting hurdle rates and doubling down on prime “Main and Main” sites
Homebuilders
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New home sales muddle through ‘choppy and challenging’ market
September new-home price averaged $400,000, and months’ supply inched lower to 8.4 despite weaker buyer traffic
Reds10 Group’s MMY US acquisition secures U.S. offsite beachhead
MMY US has an off-site construction facility in Louisville, and is planning to build another modular factory in Cleveland
AI can speed up permitting, but messy zoning data holds it back
Localities are turning to AI to fast-track permiting, but outdated or conflicting zoning text and maps still delay approvals
Some builders beat an entry-level retreat. Valera eyes an opening
A StoneManor Homes brand extension, Valera Homes will offer Houston-area homes priced from the $270s to the $350s
Lawmakers float a housing 2.0 push to build faster and cheaper
Bipartisan Build America Caucus sketches housing reform targeting zoning, building material costs and inefficient financing barriers
New homes still cost less than resales in many U.S. markets
Zillow reports that new homes in July sold at $205 per square foot, compared with $212 for existing homes
Lennar’s “home within a home” targets multigenerational demand
A survey from Sotheby’s International Realty suggests that buyers are willing to pay a premium for multigenerational homes
Where builder discounts are biggest and who is still buying
Audience Town analyzed 201,000 sales across 25 markets and found every market sold below asking
Why more builder discounts are not unlocking new-home demand
In September, two out of three homebuilders used incentives and 38% cut prices by 6% on average