#homebuilding

#homebuilding

Then, about three or four years ago, home prices doubled, and I was able to sell several rental homes that I'd constructed. Off two homes alone, I made around $700,000 in profit. It was an awful lot of money in one year, and then my income became less important. I would've kept building anyway, even if I needed the income, but now I don't do it for the money; I'm able to do it as a passion.

When the owner-CEO of a regional homebuilding powerhouse opens the hood and talks about what's in there, what's striking are two things. One is a Peter Drucker mantra, you can only manage what you can measure. The other, amidst a whirlwind of buzzwords, truisms, and abstractions, is an utter absence of jargon, striking in its clarity, honesty, and rigor. Listen, for a moment, to one such regional homebuilding enterprise business leader.

Builders often talk about uncertainty as if it were a temporary fog that had to clear eventually. Rates will decline, the Fed will pivot, pent-up demand will return, migration will pick up again, and the longstanding pattern of structural underbuilding will resume. The idea that the industry's biggest risks come from the outsideand that the outside world and its cyclical forces will eventually save themhas been one of homebuilding's most persistent forms of magical thinking.

The dream of building a perfect home often comes with the vision of total, uncompromised personalization. But when you hear the term "custom home," what does that really mean? Is it just picking out countertops, or is it designing the flow of every room from the ground up? The truth is, the level of customization in a custom home is entirely up to you and your budget-it can range from highly personalized to absolutely bespoke.

Following the move, Hamara resigned from Freddie Mac's board of directors, effective Monday, according to a Securities and Exchange Commission (SEC) filing. Under the Trump administration, the boards of the government-sponsored enterprises (GSEs) have undergone several leadership changes. In his first week as FHFA director, Pulte made immediate waves by removing 14 board members across Fannie Mae and Freddie Mac, adding new ones, and appointing himself chair of both boards. Hamara was among the new members added to Freddie Mac.

Homebuilders in the U.S. are cautiously optimistic as mortgage rates have dropped near 6%, offering a potential boost to a sluggish housing market. Despite disappointing housing permit data, this dip in rates could revitalize homebuilding activity, which has been weighed down by elevated mortgage rates and growing home inventory. Housing permits, which have been declining since early 2022, took another downturn today with the latest housing starts data.

For Q2, analysts forecast EPS of $2.89 on $2.67 billion in revenue, both modestly down year-over-year, indicating challenges in the luxury housing market.

"The design of each house and the layout of the entire subdivision with healthy buffers between each building and scant flammable vegetation meet standards set by the Insurance Institute for Business & Home Safety."

The couple prioritized air quality, natural materials, and low-toxin finishes, resulting in a single-storey home designed to ensure a safe environment for their children.