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The Fed Just Paused Interest Rate Hikes—What Does That Mean for Home Prices?

Pro Builder

from this time last year, and cities such as Austin, Texas, and Phoenix are seeing double-digit declines, but without an increase in housing inventory, experts say home prices will remain elevated throughout the remainder of 2023. Buoyancy in the national average home prices is largely due to record-low inventory levels.

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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices

Pro Builder

We’re already seeing home values fall in some markets, from pandemic boomtowns like Austin and Phoenix to well-known expensive ones in the San Francisco Bay Area. Still, even with price drops, don’t expect a surge of inventory as people sit on their ultra-low mortgage rates that they will likely not enjoy again in the near future.

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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. In Austin, where IHP is working on an urban infill development project, demand for new homes is only increasing.

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Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

Chelsea Timmons , 33, VP of Community Experience, TRI Pointe Homes, Austin, Texas. Education • BA, Business Administration, The George Washington University • MDes, Real Estate Development and Finance, Harvard University. Education • BA, English, Secondary Education, University of Texas at Austin. Alex Akel, 29.

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Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

The genesis for The Pines at Midvale was The Alley Flat Initiative (TAFI), a group based in Austin, Texas, that Clark Ivory and his daughter Abby, managing director of Ivory Innovations, visited in 2019 as a candidate for the annual Ivory Prize program. The prize generates ideas Ivory Homes actively applies to its own operations.