Low Lot Supply an Issue for Builders

Low Lot Supply an Issue for Builders

62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in May. This is the largest percentage ever recorded since the NAHB started asking the question in 1997. The problem appears especially acute in “A” markets, and the low lot inventory has resulted in increases in land prices and has contributed to low housing production levels.

Read More

Previous Trumark Companies Launches Masterplan Subsidiary
Next The New Home Company Makes C-Suite Shifts

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Land/Projects

CaliforniaWest and Presidio Residential Capital to Begin Model Construction at 71-Unit Neighborhood in San Marcos, Calif.

CaliforniaWest and Presidio Residential Capital have announced the start of model construction at Westerly, a new neighborhood with 71 home sites on 13 acres within the 253-acre master-planned Rancho Tesoro

Land/Projects

Williams Breaks Ground on Sylmar Project

Williams, with financing from Presidio Residential Capital, has begun work on the Foothill 74 townhome project in Sylmar which is located in easternmost Ventura County. The project consists of 74

Land/Projects

California Supreme Court to Decide on Banning Ranch Development

The California Supreme Court heard oral arguments on Jan. 4 in a case to decide the fate of Newport Beach’s Banning Ranch. The Banning Ranch Conservancy alleges that the city