QXO announces additional $1.8 billion raise for deal war chest
QXO’s new $1.8B funding brings its total to $3B as it targets major acquisitions in the $800B building products industry.
The Builder’s Daily
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Housing starts fall to lowest point since 2020, led by a stall in the Sun Belt
Housing starts fell 7.8% year-over-year in October, led by steep declines in the Sunbelt and Mountain West regions.
Toll Brothers announces Karl Mistry as new CEO, Doug Yearley to become Executive Chairman
Karl Mistry becomes CEO as Toll Brothers leans on high-income buyers and plans its complete exit from the multifamily business.
Lennar sells majority stake in multifamily business, signaling strategic shift
Lennar sold a majority stake in Quarterra to TPG amid a $75 million loss in 2025, enabling the builder to focus more on core homebuilding.
Maryland bids for deeper reforms to address housing affordability
Three new bills would legalize smaller homes, speed up approvals, and promote building near transit stations.
What QXO’s $1.2 billion investment means for the fragmented building materials industry
QXO landed a $1.2B Apollo investment to fund acquisitions, with a July 15 deadline to close a deal. The distributor is reviewing seven targets as it pursues $50B in annual revenue.
Learning, capital, and demand: The critical levers for homebuilders in 2026
Many owners, presidents, CEOs, and business leaders we’ve gotten to know over the years at America’s homebuilding firms begin and end each day by turning on the lights, making coffee, and setting out to improve at least three aspects of their operations. January 5, 2026. January 6, 2026. January 31, 2026. And eventually, on December […]
KB Home bets on built-to-order strategy amid a spec-heavy market
KB Home’s focus on built-to-order homes seeks higher margins but may reduce sales volume as market conditions remain volatile.
Spanberger unveils Virginia housing affordability plan
Virginia Gov.-elect Abigail Spanberger (D) focused on improving affordability during her campaign. To follow through, she rolled out a housing agenda that leans heavily on preservation of existing affordable homes, empowering localities to add more, and rebuilding state-level tools.
Sonic Fire Tech launches infrasound wildfire defense system in California
Sonic Fire Tech has launched a wildfire defense system using infrasound to extinguish fires without water or chemicals. The system detects embers up to 1,500 yards away and aims to reduce property damage and water use in California.