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

Deals

RC Hobbs Gets Financing for 33-Home Community

Landmark Capital Advisors, a real estate capital advisory firm specializing in structured finance and private equity, announced a successful $9 million AD&C loan and JV Equity transaction in Rialto, CA.

Land/Projects

Builders Prepping New Homes Across North County

As home prices in San Diego County continue to rise amid high buyer demand and short supply, homeowners will find some welcome news in these new neighborhoods, which are opening in North County.

Land/Projects

Highland Park’s Fig & Fifty Walk Town Homes Start from $578,000

The more than two dozen townhomes in The Olson Company’s Fig & Fifty Walk development will hit the market September 9 with asking prices from $578,000.