"Acacia Village is a 25-home pocket neighborhood in Santa Rosa's Rincon Valley, a high-demand submarket north of San Francisco with limited new supply. Villa's first phase set eight homes 16 modules over three days. The community is built using offsite construction, with a mix that includes manufactured housing configured to qualify as a primary home and financeable through mainstream channels."
"In a strong headwinds environment, the biggest constraint on new home supply is not demand in the abstract. It is, rather, feasibility. It's whether a project can survive the combined weight of land basis, entitlement drag, horizontal cost surprises, utility uncertainty, and debt carry long enough to reach vertical construction, sales, and closings. Acacia Village exists because Villa treated feasibility as a systems problem rather than a construction problem."
Acacia Village is a 25-home pocket neighborhood in Santa Rosa's Rincon Valley, a high-demand submarket north of San Francisco with limited new supply. Villa's first phase set eight homes—16 modules—over three days using offsite construction. The community mix includes manufactured housing configured to qualify as primary homes and financeable through mainstream channels. The development targets small-footprint infill-for-sale opportunities where large production builders are unlikely to operate. Feasibility constraints include higher borrowing costs, jittery consumers, volatile insurance and premiums, rising soft costs, local infrastructure friction, land basis, entitlement drag, horizontal cost surprises, utility uncertainty, and debt carry. Villa treated feasibility as a systems problem rather than a construction problem.
Read at www.housingwire.com
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