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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. decline in home prices for 2023. Read more Housing Markets Market Data + Trends Housing Markets

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These Pandemic Boomtowns Are Cooling Down in 2023

Pro Builder

and that sudden cooldown isn’t just the result of recent banking turmoil or a shaky stock market. buyers in pandemic boomtowns are navigating low inventory, elevated home prices, and inflated borrowing costs, but tech layoffs and falling stocks are adding an additional obstacle. Along with house hunters in other parts of the U.S.,

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IHP Capital Partners' Richard Whiteley Discusses Land Opportunity for Home Builders

Pro Builder

Richard Whiteley: Home builders and land developers have been highly focused on restocking their land inventory since it became evident housing would be one of the unexpected beneficiaries—at least in the near term—of the pandemic. To a large degree, leverage limits are driven by banks and absorption is driven by the market.

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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Builders that are laser-focused on one or two master planned communities already in the works, he says, typically neglect backfilling their land inventory fast enough. Even during the [2006-07] downturn,” Gamvroulas says, “we were bringing out product we knew would sell.”. That’s because Clark Ivory saw the downturn coming.

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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Inventory is exempt from property tax. Naval Air Facility in Goodyear, now known as Phoenix/Goodyear Airport, was designated as an MRZ.

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