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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.

Metro 95
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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.