Capital

The 5th Cycle: Frank Anton On Housing's Law Of Gravity

What-if? The question few housing business stakeholders care to factor into their forecasts right now is what happens when -- not if -- interest rates spike?

Capital

Throughput Delays Crush Private Homebuilders' Cashflow

As constructus interruptus disrupts building cycles, privately capitalized operators hold little leverage for continued access to lines of credit, construction-to-perm loans, and project financing.

Policy

Reg Burden's A Bane, But Fixing Rules Alone Doesn't Mean Gain

For those whose livelihoods stem from work producing homes in the housing crisis, each area of expertise looks through his or her own lens, and each assigns a different weight of importance to forces that impact that cost curve.

Capital

The Incredible Shrinking Spec Inventory of New Homes

Markers of buying power short-circuiting include a sudden scarcity of below $300k new homes, and a drying up of ready-to-occupy spec inventory. Interest rates had better damned well not go up.