Here’s what will actually move the needle on housing affordability

Housing affordability continues to dominate the headlines, but most proposed “solutions” rely on assumptions that are either unlikely or insufficient on their own. Falling interest rates, off-site construction, government subsidies and value engineering all play a role. None of them – individually or even together – as they are currently being pursued, will move the […]

What war risk could mean for builders, rates and spring demand in 2026

Nature abhors a vacuum and does something about it. Homebuilders, their business and channel partners, their investors and lenders and their customers abhor uncertainty. But what can and will they do about it? Other than brace for more bumps. More air pockets. More “buying” of sales rather than selling of American households on houses that […]

Millrose outperforms with disciplined growth, strong partnerships

Millrose outperforms with disciplined growth, strong partnerships
Now one for the books, the 2025 homebuilding market slowed in new construction, resulting in contract cancellations and reduced takedown activity. Millrose Properties, whose epic scale and timing launched a new era in land banking and asset-light homebuilding development in early 2025, bucked that trend.  Millrose – which began spinning out from Lennar in December […]

From IPO spark to global scale pivot: Tri Pointe enters a new power axis

From IPO spark to global scale pivot: Tri Pointe enters a new power axis
Thirteen years ago, on a rain-slick January morning in lower Manhattan, a three-and-a-half-year-old homebuilder’s president pressed and held the New York Stock Exchange bell for a full count of ten. TRI Pointe Homes’ January 31, 2013 IPO wasn’t simply a liquidity event. It was a strategic and capital comet. Capital that had been sitting on […]

Builders engineer payments, not prices — LGI results highlight why

We intended to dig into LGI Homes’ fourth-quarter and full-year 2025 earnings last week. Then the National Association of Home Builders’ International Builders’ Show happened in Orlando, and the days became a blur of conversations, walking meetings, and on-the-fly triangulation among builders, capital partners, manufacturers and operators trying to answer the same question in different […]

UHG goes private: Daiwa House’s Stanley Martin strikes $221M deal

UHG goes private: Daiwa House’s Stanley Martin strikes 1M deal
In the two-thousand-mid-teens, you would not have needed a crystal ball to predict that three Japan-based vertically integrated real estate powerhouses would each rank among the nation’s top 15 enterprises. That’s because each of those three organizations – Daiwa House, Sekisui House and Sumitomo Forestry – having established beachheads in the U.S. homebuilding and residential […]

January “green shoots” won’t tell homebuilders what July will

If you walked the aisles at this year’s International Builders Show, you could feel it. The vibe wasn’t panic. It wasn’t euphoria. It was something in between – a cautious optimism that maybe, just maybe, the worst is behind us. Traffic anecdotes sounded a little better. Some builders spoke about steadier January sales activity. Conversations […]