Land

Lennar's Long-Planned 'Spin' Is Set In Motion As An Asset-Light Future Arrives

This move underscores a broader trend towards the "asset-light" business model, which is now widely being adopted by major homebuilding enterprises, public and private.

Leadership

Squeezed On Three Fronts, Private Builders Pare Back Staff

An operator's ability to achieve, improve, and sustain higher performance in today's market can mean more than reductions in force to harden and future-proof the business for uncertainty.

Land

It's Always About Land In Homebuilding, But Now It's Different

Prices for it are high; multiple bidders for it strive to control it and build on it; borrowing costs to finance it are high, time-value-of-money costs for entitlement, permitting, etc. are running longer and longer, and ... "they're not making it anymore" has become "they're making less."