Leadership

Invitation Homes’ $89 million ResiBuilt buy brings building in-house

Invitation Homes’ $89 million acquisition of ResiBuilt – one of homebuilding mergers and acquisitions’ 2026 table-setters – is a “small” deal that can change the rules of engagement and shift the balance of competitive power for two adjacent ecosystems. Here’s the context: Single-family rental REITs, with an exception or two, have historically been buyers of […]

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Builders greet 2026 squeezed by policy flux and margin erosion

By the time the homebuilding industry reaches Super Bowl LX on Sunday, Feb. 8, the stakes will be unmistakable. That date marks more than the unofficial kickoff to Spring Selling Season, for U.S. homebuilders large and small. It signals the point at which months of price capitulation, incentive layering, cost cutting, and balance-sheet triage either

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Housing starts fall to lowest point since 2020, led by a stall in the Sun Belt

Residential construction fell to its lowest point since May 2020, according to an October U.S. Census Bureau report that was delayed by last year’s government shutdown. Widening air pockets of demand over the past year led to an overbuild of speculative homebuilder inventory in — formerly booming — Sun Belt and Mountain West markets. Builders

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Toll Brothers announces Karl Mistry as new CEO, Doug Yearley to become Executive Chairman

Toll Brothers announced on Wednesday that Karl Mistry will be the company’s next CEO, replacing Doug Yearley, who will transition to the role of Executive Chairman of the Board on March 30.  Mistry will take the helm at a time when Toll Brothers is leaning on its resilient, high-income buyers to navigate homebuilding’s headwinds.  He

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Taylor Morrison leads most-trusted rankings for 11th year in 2026

For the past five-plus years up to this very day, an 800-lb gorilla takes a seat at the table at every meeting in every Taylor Morrison conference room in every one of the organization’s offices. From its Scottsdale, AZ headquarters, to its three national operating regions, to its divisional hubs in 20 markets across 12

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Learning, capital, and demand: The critical levers for homebuilders in 2026

Many owners, presidents, CEOs, and business leaders we’ve gotten to know over the years at America’s homebuilding firms begin and end each day by turning on the lights, making coffee, and setting out to improve at least three aspects of their operations. January 5, 2026. January 6, 2026. January 31, 2026. And eventually, on December

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Dwight Schar, founder of NVR Inc., has died

Dwight Schar, the founder and former executive chairman and CEO of NVR Inc., has died, according to posts on LinkedIn.  James Honeycutt, managing partner at Credo Construction, discussed Schar’s legacy in a post on Thursday afternoon.  “Mr. Schar wasn’t flashy or dismissive — just calm, kind, and very clear on what mattered most. He chuckled

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Lennar targets margin stability with operational efficiency and steady volume

By the time Lennar executives reached the question-and-answer portion of their fourth-quarter 2025 earnings call this morning, the tone had shifted. From explanation to defense. What had looked, just a quarter earlier, like early clues of stabilization instead revealed a more complicated reality: the housing market did not behave as expected, and neither Lennar nor

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Harvard study: how low immigration could impact housing demand

On Tuesday, Harvard University’s Joint Center for Housing Studies (JCHS) updated an August homeownership and household growth report with an addendum that adds a low-immigration scenario.  Under the low-immigration scenario, the number of homeowning households would decline by approximately 88,000 to 99,000 per year relative to a baseline scenario assuming historical immigration levels. The number

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Homebuilder confidence ticks up but remains low

Homebuilding executives remain downbeat, citing a range of current conditions marked by buyer hesitancy, economic uncertainty, shrinking profit margins, increased use of incentives, and high costs. However, homebuilders whose primary focus is the strained entry-level buyer segment face the biggest hurdles.  The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)’s builder confidence

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