The ROAD Act and the 26.4% regulatory cost stack on new homes

June 29, 2026 by bp56691

While Washington waits to see whether the 21st Century ROAD to Housing Act becomes law by presidential signature, by inaction, by override, or not at all, homebuilders and developers already know the issue at stake does not wait. Here’s how regulatory cost adds up as a chokehold – not a theoretical – in the new-home […]

Homebuilding scale emerges as a fiduciary priority for boards

June 26, 2026 by bp56691

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 […]

KB Home Q2 2026 earnings point to scale vs execution debate

June 25, 2026 by bp56691

Homebuilding’s mid-year public company earnings season is now looking through the prism of the back half of 2026. Each of the sector’s players had better have put themselves in a good position for some heavy lifting and outperformance, rather than lugging around a forgettable first half. In that light, it’s welcome news that one of […]

ROAD work ahead

June 24, 2026 by bp56691

A fiendishly brilliant advertising copywriter working for Benetton during the “hanging chads” Presidential election controversy in 1992 took a circa-1973 Yogi Berraism and transformed it for a New York City billboard on the heavily trafficked northbound West Side Highway. “It ain’t Oval ‘til it’s Oval!” the message read, as the matter made its way up […]

Builders planned for undersupply, now demand is the swing factor

June 23, 2026 by bp56691

The “emerging trends” in housing story over the past decade or more has been a tale of magnitude variations on a theme: constrained supply eclipsed by growing demand. If there is one conclusion that rises above all others in this year’s “The State of the Nation’s Housing 2026” report, it is that the industry’s challenge […]

What a 50-year-old letter says about accountability in homebuilding

June 19, 2026 by bp56691

Exactly 50 years ago this time of year, a 51-year-old man handwrote a four-page letter on a legal pad to his then 21-year-old son, one of seven children – six of them sons and one angel of a daughter – who was spending a semester studying in Dublin, Ireland. The letter’s narrative arc, now mostly […]

Four rules for underwriting secondary Texas markets in a slower cycle

June 19, 2026 by bp56691

For the better part of a decade, the Texas growth playbook was remarkably simple. If you wanted scale, liquidity and appreciation, you went to the Texas Triangle: Austin, Dallas–Fort Worth, Houston, and San Antonio and tried to be early to the next ring of rooftops. Those four metros captured the lion’s share of population and […]

Beazer refinancing raises Dream Finders deal cost by $53 million

June 18, 2026 by bp56691

For weeks, a central question surrounding Dream Finders Homes‘ pursuit of Beazer Homes has been unambiguous: Will Dream Finders’ offer for the company and its public relations campaign be enough to convince Beazer shareholders that a sale should occur? A just-completed debt refinancing by Beazer Homes likely raises the cost of any acquisition of Beazer. […]

Double-take double jeopardy: Housing surnames for $100

June 17, 2026 by bp56691

Housing readers see Clayton and Pulte in DC headlines and assume builder deals, even when stories are unrelated to housing companies.

Builders slow starts in May to rebalance pricing and incentives

June 16, 2026 by bp56691

The real story in today’s Monthly New Residential Construction release from the Census Bureau isn’t a collapse in construction. It’s a production strategy that took shape months ago. Headlines – and their sibling, “headline risk” –don’t enjoy a particularly good reputation among most homebuilding business executives who have chosen to talk with and listen to […]