One Big Thing Yesterday, I wrote about multifamily development getting more speculative because of uncertainty about cost inflation. Today, let's take a look at the for sale housing market. If you want to get an insider's view of housing, Bloomberg's Odd Lots Podcast with Zonda's Chief Economist Ali Wolf from...
March 8th – Gorging
What I'm Reading Gorging: Homebuilders are buying up undeveloped lots at a frantic pace in an effort to meet today's incredibly strong demand. However, that demand isn't permanent and the land grab could lead to pain for those participating. Ivy Zelman sums it up perfectly: “The biggest concern I have...
January 19th – Mismatch
What I'm Reading Mismatch: Residential development is booming and unemployment is relatively high, yet home builders are still experiencing a labor shortage. This is due to both a stigma about working in construction (even though it often pays more than some office jobs) and a lack of workers who have...