Trump Stirs Homebuilders’ Dreams of Cutting Environment Red Tape

Bloomberg

As Don Huffines sees it, Donald Trump’s election instantly made his Dallas-area pastureland much more valuable. That’s because the residential developer expects the president-elect to follow through on a pledge to cut through what he considers environmental red tape.

Huffines, a Republican state senator in Texas, blames President Barack Obama’s administration for adding to rules protecting wetlands, stream beds, endangered species and clean water. The U.S. Army Corps of Engineers has been blocking a dam to create a lake he envisions as a centerpiece for the 1,000-home subdivision.

Read More

Previous Home Ownership Wanes in California
Next Net Outward Migration from Los Angeles County to Orange County

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Developers Build on Home Rental Success With Whole Communities

Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters. When the housing market crashed, investors took

Homebuilders / Land Developers

Hovnanian Beats the Street

In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a

Homebuilders / Land Developers

Landmark Obtains Financing For Second RC Hobbs Community

Landmark Capital Advisors, Newport Beach, on Tuesday announced a successful $9.5 million AD&C loan and JV Equity transaction in Riverside, Ca. on behalf of home builder RC Hobbs Company, the