Beazer refinancing raises Dream Finders deal cost by $53 million

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. […]

Builders slow starts in May to rebalance pricing and incentives

Builders slow starts in May to rebalance pricing and incentives
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 […]

Homebuilders’ spring toolbox: Incentives rose, but conversion stayed weak

Part of this is telling you what you already know. So, make sure you get to the second part. A string of better-than-expected quarters for new-home development players following the pandemic’s onset in 2020 had to end sometime. It did. The first half of 2026 delivered a worse-than-expected spring selling season for many homebuilders — […]

Berkshire Taylor Morrison deal puts vertical integration in focus

Berkshire Hathaway’s planned acquisition of Taylor Morrison has opened the door for us to explore a set of uber-themed questions: about homebuilders’ present and future valuations, leadership and scale, and to the question that public homebuilder boards may now be asking: whether to build toward greater scale or join it. A related question may be […]

Who can buy a top-20 builder now? Berkshire resets board calculus

Berkshire Hathaway‘s planned acquisition of No. 6-ranked homebuilder Taylor Morrison begs big follow-on questions. These mostly spring from who this particular buyer is and the moment they have chosen. One way or another, these follow-up questions may prompt homebuilding leaders to revisit a core imperative many believed they had solved eons ago. For decades, the […]