"The numbers support that the larger builders are [taking market share]-we're taking share from two sources. One is smaller builders that are having difficulty with financing," Mezger told ResiClub.
"Banks are very conservative right now on what they'll lend a small builder to go develop lots. But, you're also taking share from resale because of the limited resale inventory."
"Publicly traded homebuilders have greater access to capital through equity markets, which enables them to fund large-scale projects and secure land more aggressively."
"Large homebuilders benefit from economies of scale, enabling them to negotiate better deals with suppliers and contractors, reducing per-unit costs."
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