Industry Developments

C-suite insights, land development, projects, laws and trends shaping the housing industry today.

Latest News

  • California introduces $11.25 billion investment in housing

    California introduces $11.25 billion investment in housing

    The California Governor, State Assembly, and Senate introduced the  Veterans and Affordable Housing Bond Act of 2026, a  $11.25 billion investment to support veterans’ homeownership, housing development and affordability. The bill will be placed on the November 2026 ballot for voters to decide whether to adopt it.

    This statewide piece of legislation comes after a major federal investment in housing development, the 21st Century Road to Housing Act, passed by the House and Senate.

    In California, the bond is expected to invest in veterans and first-time homebuyers by providing down payment assistance and affordable mortgage financing. Specifically, $1.25 billion is allocated to the self-supporting revenue bonds for the CalVet Home Loan Program.

    “California has been building toward this moment. We’ve cut red tape, fast-tracked construction, protected renters,” said Speaker of the Assembly Robert Rivas. “And now, we’re going bigger: $11.25 billion for affordable housing to expand homeownership for veterans and working families, drive down costs and prove that the door to opportunity is open to everyone. This is California delivering.”

    Read Full Article

  • First America Homes launches new Austin division, continuing texas expansion

    First America Homes launches new Austin division, continuing texas expansion

    First America Homes, one of Texas’s fastest-growing homebuilders, announced its expansion across Texas with a new Austin division. The builder is the homebuilding division of Texas real estate developer The Signorelli Company and currently operates in 12 active communities in the San Antonio area.

    This move follows First America Homes’ recent expansion into the Dallas–Fort Worth market, with homesites expected to open in July 2026.

    “Central Texas continues to benefit from strong market fundamentals and sustained population growth,” said Danny Signorelli, founder and CEO of The Signorelli Company. “That momentum creates tremendous opportunities for expansion as we bring more quality homes and exceptional living experiences to families across the region. With the financial strength, development expertise and long-term vision to execute, we’re investing strategically in new communities and creating lasting value for homeowners while strengthening our footprint across Texas.”

    Read Full Article

  • Fed holds rates steady in Warsh’s first decision as chairman

    Fed holds rates steady in Warsh’s first decision as chairman

    Kevin Warsh’s first decision as chairman of the Federal Reserve kept interest rates steady. The Fed’s rate holding pattern is consistent throughout 2026; the last rate cut was in December 2025.

    Warsh and the board affirmed that despite geopolitical uncertainty and a rise in inflation, the U.S. economy holds strong, with the unemployment rate largely unchanged and consumer spending up 0.09% in May.

    For housing and construction, employment is up year over year and a major housing bill is set to move towards signing.

    “Despite ongoing pressure on the Fed to ease ahead of the midterms, inflation remains the primary driver of policy decisions,” said Dr. Selma Hepp, Chief Economist for Cotality and regular contributor to Builder & Developer. “While we expect administrative focus to zero in on housing affordability again—likely through increased incentives as sales continue to disappoint—elevated costs and borrowing rates will persist. Importantly, regardless of Fed action, mortgage rates are unlikely to fall meaningfully until inflation cools and long-term yields move decisively lower.”

    “Overall, the June meeting pivoted the Fed to a notably more hawkish bias, reflecting an increase in current inflationary challenges,” said the National Association of Home Builders Chief Economist Robert Dietz. “Without relief from underlying causes of inflation, Fed policy action will not aid the housing and building market in the near term. However, there are dovish or disinflationary possibilities in the outlook, from resolution of geopolitical headline risks or benefits from productivity growth.”

    Read Full Article 

Exclusive Feature

  • Residential Contractor Magazine: Coming July 2026
    ,

    Residential Contractor Magazine: Coming July 2026

    Residential Contractor Magazine

    THE PROJECTS. THE PRODUCTS. THE PROS.

    Residential Contractor connects manufacturers with the remodelers, contractors, trades and dealers shaping today’s residential construction market.

    The Summer 2026 issue features the National Deck Competition Winner’s Showcase alongside the products, tools, technology and business solutions driving better, more profitable projects.

    If you are interested in participating please contact fiona@builder.media 

  • Taylor Morrison acquired in $8.5 billion deal

    Taylor Morrison acquired in $8.5 billion deal

    Announced on May 31, 2026, Berkshire Hathaway will acquire homebuilding giant, Taylor Morrison for $8.5 billion. The all-cash transaction values Taylor Morrison at $72.50 per common share.

    This is the first major move from Berkshire Hathaway ‘s new CEO Greg Abel who assumed the role in January. Berkshire Hathaway owns Clayton Homes, the modern manufactured homebuilder, which it acquired in 2003 for $1.7 billion.. 

    There are indications of a consolidation between the two homebuilders. Between Taylor Morrison’s 12,997 closings and Clayton Properties’ 9,953 closings in 2025 would create the fourth largest homebuilder in the United States.

    “We are excited to welcome Taylor Morrison into Berkshire’s portfolio, reflecting our long-standing commitment to housing, exemplified by Clayton Homes and our other building products businesses,” said Abel. “Over time, we expect to unify our site-built homebuilding operations into a combined platform enabling us to deliver the dream of homeownership to more Americans.”

    However, Taylor Morrison’s extremely successful CEO Sheryl Palmer is not going anywhere following this acquisition. Berkshire Hathaway announced the Taylor Morrison team to continue with its existing management, including Palmer. Palmer drove the company to its nationwide strength and growth, going public in 2013 and currently building in 21 markets across 12 states.  Under her tenure, Taylor Morrison’s leadership team boasts a unique point of view, 50% of senior leadership roles are occupied by women, four times the industry standard.

    “Over the last 13 years as a public company, we built a track record of strategic growth—expanding our geographic footprint, integrating acquisitions with discipline and deepening our competitive strengths across procurement, brand and customer experience,” said Palmer. “Berkshire Hathaway’s long-term orientation is uniquely well-suited to the multi-year investment cycle of homebuilding, and this combination will allow us to scale the Taylor Morrison platform in ways that would not be possible as a standalone company.

    Read Full Article 

  • Cole West announces new President of Homebuilding

    Cole West announces new President of Homebuilding

    Cole West, one of the nation’s fastest-growing homebuilders, announced Chris Winter’s appointment to President of Homebuilding. Founded in 2016 by Colin Wright, the privately-held Utah-based company currently has 21 active communities across the state.

    Winter’s last position at the company was Division President for Cole West’s Southern Utah homebuilding operations. Previous to Cole West, he served as Vice President of Finance in Northern California for PulteGroup.

    “Chris’ proven leadership and deep understanding of the Utah market make him exceptionally well-suited to lead our homebuilding operations during a time of significant growth,” said Darlene Carter, CEO of Cole West. “Chris has already overseen the development of more than 1,400 homes throughout his tenure with Cole West. His expertise, vision, and commitment to our team and local community are invaluable as we continue to expand our presence throughout the state.”

    “It has been a privilege to be part of Cole West’s evolution from a startup homebuilder to a leading, diversified real estate company in Utah, and I am honored to step into the role of Homebuilding President,” said Winter. “I appreciate our commitment to, and unwavering pursuit of, excellence through intentional design, quality craftsmanship, and a commitment to building communities that we can be proud of. We have some exciting projects in the works, and I look forward to helping shape these communities.”

    Read Full Article 

  • Brookfield receives approval for 12,000 homes on retired California Navy base

    Brookfield receives approval for 12,000 homes on retired California Navy base

    Brookfield Residential just received unanimous approval from the Concord City Council to redevelop the Concord Naval Weapons Station in Northern California. Brookfield’s master-planned community is expected to revitalize the San Francisco Bay Area with the proposed development of 12,000 new homes, businesses, schools, fire stations and around 800 acres of dedicated parks.

    Estimations are putting the cost of the project at $7 billion, with $628 million directly to the Navy.

    For over two decades projects to transform the site were sidelined. For example, in 2016, Lennar was chosen as the developer for the site before parting ways in 2020.

    Immediate cleanup of the site is the priority, with construction slated to begin in 2030. Brookfield Residential currently has two active communities in Northern California, Amoruso Ranch and Riversound. 

    “And for the first time, we have an agreement between the city, our master developer, and the Navy, over how much we’re going to pay the Navy for the 2,400 acres we’re going to develop on the former Concord Naval Weapons Station,” said base reuse director Guy Bjerke.

    Read More 

  • NAHB strives to tackle workforce gaps in housing

    NAHB strives to tackle workforce gaps in housing

    The National Association of Home Builders’ (NAHB) state and local teams met with mayors, city leaders, planners and builders to address workforce development challenges as part of the America’s Housing Comeback discussion series spearheaded by the National League of Cities and the American Planning Association. The discussion allowed city leaders to hear directly from builders about the mounting challenges they face with recruitment and retention, not only for trades professionals but also for public sector staffing.

    Ed Brady, CEO of the Home Builders Institute (HBI), and Emily Price, HBI senior vice president of development and partnership engagement, outlined how HBI programming strengthens city workforces.

    Danushka Nanayakkara-Skillington, NAHB associate vice president of forecasting and analysis, reinforced the message by providing data and insights on how labor market conditions and demographic trends affect housing development.

    Read More

  • Sumitomo Forestry Completes Acquisition of Tri Pointe Homes

    Sumitomo Forestry Completes Acquisition of Tri Pointe Homes

    Sumitomo Forestry announced the successful completion acquisition of Tri Pointe Homes. In closing of this transaction,  Tri Pointe Homes is now a wholly owned subsidiary of Sumitomo Forestry America and will cease trading on the New York Stock Exchange.

    Through the acquisition of Tri Pointe’s more than 160 active communities, the homebuilder expects to deliver around 15,000 units annually across 18 states. This makes Sumitomo Forestry of the highest-volume homebuilders in the nation. Sumitomo Forestry Group is engaged in a broad range of global businesses centered on wood, including forestry management, the manufacture and distribution of wood building materials, the contracting of single-family homes and medium- to large-scale wooden buildings, real estate development and wood biomass power generation.

    “Together with Tri Pointe Homes and our existing five U.S. homebuilders, we are well positioned to expand scale, enhance management efficiency and improve profitability toward our Mission TREEING 2030 goal of supplying 23,000 homes annually in the U.S. by 2030,” said Toshiro Mitsuyoshi, President and Executive Officer of Sumitomo Forestry.

    “Joining the Sumitomo Forestry Group marks an exciting new chapter for Tri Pointe Homes, building on the past 17 years of standalone growth delivering over 58,000 homes to U.S. families and communities,” said Doug Bauer, Tri Pointe Homes’ Chief Executive Officer. “With a shared strategic vision, values and culture, we are well positioned to accelerate our growth while continuing to deliver design-driven homes and exceptional customer experiences.”

    Read More 

  • House approves revised housing bill

    House approves revised housing bill

    The U.S. House of Representatives approved an amendment to the 21st Century ROAD to Housing Act that removes a build-to-rent (BTR) sales provision that would have hurt affordability and reduced much-needed housing supply. According to the National Association of Home Builders (NAHB) and the Urban Institute, the measure would have cut rental housing supply by 40,000 to 72,000 units each year. It also would have displaced thousands of tenants annually, shrinking the rental market and putting further pressure on rents. NAHB led the push to remove the provision, which would have required purpose-built single-family rental homes to be sold within seven years.

    In a time of severe housing shortages and affordability challenges, BTR remains one of the few market segments adding thousands of homes that would otherwise not be built.

    “NAHB applauds the House for overwhelmingly approving the revised 21st Century ROAD to Housing Act with strong bipartisan support,” said Bill Owens, chairman of NAHB, home builder and remodeler from Worthington, Ohio. “Led by House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters, the package eliminates a forced-sale provision on rental housing that would have reduced supply, raises and indexes multifamily loan limits to help spur new apartment development and provides meaningful relief to community banks. We urge the Senate to move quickly to send a once-in-a-generation housing bill to President Trump to expand housing supply and address America’s housing affordability challenges.”

    Read More

  • Lennar introduces new luxury community Vinova

    Lennar introduces new luxury community Vinova

    Lennar, one of the nation’s leading homebuilders, introduces the grand opening of its new luxury master-planned community, Vinova. Homes in this community range from 2,652 to 3,805 square feet with four to five bedrooms and three-and-a-half to five-and-a-half bathrooms across two upscale collections. The community features elegant design choices, prioritizing indoor-outdoor living, open concept layouts and spa-inspired bathrooms.

    The builder’s distinct design choices are on display in this project, integrating its most popular features into the base price of the home. Lennar’s Vinova features Wolf® stainless-steel kitchen appliances, floor-to-ceiling tiled glass-enclosed showers and freestanding soaking tubs in owner’s suites giving the project a more tailored feel for potential buyers. Pricing at Vinova starts in the $1,400,000s.

    The community is located in one of  Southern California’s most desireable regions, Rancho Cucamonga, balancing accessibility to entertainment, good schools and convenient commutes.

    “Panoramic mountain views, trails right outside your door and sunshine nearly every day of the year are the hallmarks of life in Rancho Cucamonga,” said Mark Torres, Lennar Inland Empire Division President. “At Vinova, Lennar has built a community worthy of that extraordinary setting and one that delivers exceptional value for today’s homebuyer.”

    Photo credit: Lennar

    Read More 

  • Fed changes leadership

    Fed changes leadership

    The April meeting of the Federal Open Market Committee (FOMC) marked the end of Jerome Powell’s role as Chair of the Federal Reserve System’s (Fed) Board of Governors, bringing his eight-year tenure in that position to a close. Powell will not fully step away from the Fed. Instead, he will continue serving as a member of the Board of Governors after relinquishing the Chair position.

    Powell said that he will remain as a Governor as long as the Justice Department’s probe into the cost of the renovations to the Fed’s headquarters remains active.

    Following the April meeting of the FOMC, the Federal Reserve opted to maintain its current stance, leaving interest rates unchanged. The target for the federal funds rate remains at a top level of 3.75%, where it has stood since December 2025.

    Read More

  • Thomas James Homes Appoints New CEO

    Thomas James Homes Appoints New CEO

    Announced this week, Thomas James Homes (TJH), the nation’s largest single-lot homebuilder, appointed Steve Schlageter to Chief Executive Officer. Schlageter joined the company in 2024 as Chief Operating Officer. Previous to his time at TJH, Schlageter spent nearly two decades at PulteGroup as Senior Vice President of Operations and Strategy and Area President of the Northeast Business Unit.

    Schlageter will succeed James Mead, who for five years led the company as President and CEO. In Mead’s tenure he delivered over over 1,400 homes. One of the most important projects being the post-wildfire rebuilding efforts in the Pacific Palisades.

    “Thomas James Homes was built on the idea that homeowners deserve a better, more reliable way to build,” said Schlageter. “What drew me to TJH, and what continues to energize me, is the clarity of that mission and the strength of the platform behind it. As CEO, my job is to scale that promise to more neighborhoods without diluting what makes it work. That means delivering with precision, operating with discipline, and never losing sight of the customer experience at the center of it all.”

    Read More 

  • Toll Brothers acquires luxury homebuilder Buffington Homes

    Toll Brothers acquires luxury homebuilder Buffington Homes

    Toll Brothers, the nation’s leading luxury homebuilder, announced that it has signed a definitive agreement to acquire substantially all the assets of Buffington Homes of Arkansas. The acquisition will establish a strong presence for the builder in the Fayetteville/Bentonville market and expand its footprint in northwest Arkansas. The transaction is expected to close in the Company’s third quarter.

    Buffington Homes is the largest luxury home builder in northwest Arkansas. Buffington Homes currently owns or controls over 1,500 lots in the northwest Arkansas market with nine active selling/coming soon communities.

    “We are excited to be entering the vibrant and growing Fayetteville/Bentonville market, further expanding the geographic footprint of our luxury home building operations across the country,” said Karl K. Mistry, Chief Executive Officer of Toll Brothers. “Buffington Homes is the leading luxury home builder in this market with exceptional communities, strong financial performance, and a reputation for quality. We look forward to leveraging their team’s local expertise and strong land position in northwest Arkansas while adding value and scale to successfully grow the business into the future.”

    With this acquisition of Buffington Homes, Toll Brothers will have completed 16 home builder acquisitions since 1995.

    Read More 

  • SVN Gilmore Auction & Realty and SVN Urban Properties Announce Belle Terre Land Auction in Laplace, Louisiana

    SVN Gilmore Auction & Realty and SVN Urban Properties Announce Belle Terre Land Auction in Laplace, Louisiana

    247± Acres of Residential and Commercial Land to be Offered in Four Parcels via Online Bidding May 14–20

    SVN Gilmore Auction & Realty and SVN Urban Properties are pleased to announce the upcoming Belle Terre Land Auction, an online real estate auction featuring 247± acres of residential and commercial land in Laplace, Louisiana. Bidding will take place May 14 through May 20 at www.svngilmoreauction.com/auctions.

    This auction presents a significant opportunity for developers, investors, and commercial users to acquire well-located land with Interstate 10 frontage, golf course frontage, existing utility access, and a range of residential and commercial zoning. The property will be offered in four parcels, ranging from 1.9 to 234 acres, with selected parcels selling to the highest bidder at or above the very low starting bids.

    The featured offering includes Belle Terre “Parcels C and D”, which will be sold together as a 234.1847±-acre contiguous tract. Located adjacent to I-10 and with golf-course frontage, the property includes a mix of undeveloped residential and commercial land, with subdivision approvals in portions and strong potential for phased development. The tract is positioned to support both residential growth and commercial expansion in one of the region’s most strategically located corridors. Belle Terre is located about 30 minutes from downtown New Orleans.

    Additional offerings include Belle Terre One, Parcel A, a 1.9095±-acre commercial site at Cannes Drive; Belle Terre One, Parcel B, a 2.2821±-acre residential site at Calais Drive, both selling to the highest bidders at or above the starting bid of $25,000 each or about 30 cents per square foot; and a combined 8.8628±-acre commercial land offering, Belle Terre Two, Phase 2, Parcel A-1 & St. Andrews Blvd. Extension Subdivision, Parcel X & Y, along Fairway Drive with good frontage and development potential. These sites benefit from proximity to established neighborhoods, office developments, retail centers, and Belle Terre Country Club.

    SVN Gilmore Auction Realty Managing Director, David E. Gilmore, CCIM, CAI, AARE states, “This is an incredible opportunity to purchase development land within 30 minutes of New Orleans with starting bids as low as 30 cents per square foot.”

    Laplace, the largest community in St. John the Baptist Parish, is located between New Orleans and Baton Rouge and benefits from access to major transportation, logistics, and employment hubs. The area also stands to gain from continued infrastructure investment, including the West Shore Lake Pontchartrain project, further strengthening long-term development appeal.

    For additional information, contact Dave Gilmore at (504) 468-6800 or Sam Hurley at (504)408-2285.

    Visit www.svngilmoreauction.com/auctions for auction details, property information, and bidding terms.

Exclusive Feature

  • AIA/Deltek ABI reports slight uptick in billings

    AIA/Deltek ABI reports slight uptick in billings

    The American Institute of Architects (AIA) released the AIA/Deltek Architecture Billings Index® (ABI) for February. The report indicated a slight increase in billings at a score of 49.4 up from 43.8 in January. This index suggests a potential rebound from a slow winter, but other uncertainties in the economy may stunt this growth. The AIA/Deltek ABI index also reported that the Northeast was especially affected by the harsh winter while South and other more temperate areas remained flat.

    “While the ABI data shows some positive trends, the broader economy continues to struggle, with unemployment increasing in February,” said AIA Chief Economist, Richard Branch. “However, architectural services employment remained steady in January at 204,600, up nearly 2,000 positions from a year ago.”

    Read More

  • NAHB elects 2026 leadership

    NAHB elects 2026 leadership

    Members of the National Association of Home Builders (NAHB) elected four members and senior officers to leadership positions within the Association. Bill Owens a remodeler and home builder based in Ohio was selected to be Chairman of the Board for 2026. Owens is the founder and principal of Owens Construction, a design+build firm he founded in 1982.

    “Given that increasing the supply of attainable, affordable housing is the best way to ease growing housing affordability challenges, NAHB this year will work with policymakers to repeal inefficient regulatory rules, alleviate permitting roadblocks and adopt reasonable and cost-effective building codes,” said Owens. “And in this pivotal election year, we will work with Republican and Democratic leaders to show why homeownership must remain a top national priority and why it is essential to the economic and social well-being of our nation.”

    Also moving in the 2026 NAHB leadership ladder is Bob Peterson to First Vice Chairman of the Board. Peterson is a Colorado-based founder of Associates in Building + Design. Appointed to Second Vice Chairman of the Board is Gary Campbell, a Massachusetts real estate developer and remodeler. Rounding out the Chairmen leadership is Jim Chapman who was elected to Third Vice Chairman of the Board. 2025 NAHB Chairman Buddy Hughes remains on the leadership ladder as the 2026 Immediate Past Chairman.

    Read More 

  • NAHB HQ is heading to IBS

    NAHB HQ is heading to IBS

    The International Builders’ Show (IBS) is occurring Feb. 17 to Feb. 19 at the Orange County Convention Center and the National Association of Homebuilders (NAHB) Headquarters will be in attendance. All registrants can participate in enrichment sessions, learn about NAHB membership and network with guests. NAHB members will have exclusive member-only areas with giveaways, snacks, charging areas and more. 

    Members are welcome to meet up for coffee and doughnuts from 8 a.m. to 9 a.m., daily meetups from 1 p.m. to 2 p.m. and an exclusive happy hour from 3:30 p.m. to 5 p.m. 

    Read More

  • Taylor Morrison reports strong 2025 results

    Taylor Morrison reports strong 2025 results

    Taylor Morrison announced results for the fourth quarter and full year on Feb. 11, 2026. The builder reported 12,997 closings at an average sales price of $597,000 for the full year. Taylor Morrison expects in 2026 to close 11,000 homes at an average sales price between $580,000 to $590,00. 

    “We are pleased to report strong fourth quarter results that met or exceeded our expectations across nearly all key operational metrics, despite continued challenging market conditions,”said Sheryl Palmer, Taylor Morrison Chairman and CEO. “”We pride ourselves on developing thoughtfully-designed communities in prime locations, often with amenities, and offering a balanced mix of spec and to-be-built home offerings that meet the needs and aspirations of our customers. As we head into 2026, I expect these competitive strengths—our diversification, attractive product offerings and consumer-centric philosophy—to be even more critical to our success as we move forward. With competitive pricing pressures unlikely to meaningfully abate in the foreseeable future and housing fundamentals continuing to evolve, we are taking proactive steps to ensure our portfolio remains well positioned to perform regardless of the market backdrop.”

    Read More 

  • One builder accounts for a third of San Antonio’s permits

    One builder accounts for a third of San Antonio’s permits

    Homebuilders in San Antonio, Texas pulled nearly 3,885 residential permits in 2025. Production builder Lennar pulled of those 1,246 permits, almost exactly one third of the citywide total. Overall, the city reported a drop in permit activity compared to the post pandemic boom. Reported from the San Antonio Business Journal, permits are is down 38% from the 6,271 filed in 2021. This is not a city-wide trend, but echoes of the affordability constraints facing many would-be buyers. Lennar attributes to their success to continued incentives, including mortgage rate buydowns to sustain sales momentum.

     “Even as interest rates moved slightly lower in our fourth quarter, the overall market remained challenged.” said Stuart Miller, Executive Chairman and Co-Chief Executive Officer of Lennar, said in their Q4 earnings report. “During the quarter, we delivered 23,034 homes and achieved 20,018 new orders. Our average sales price was $386,000, while our gross margin was 17%, with SG&A at 7.9%, resulting in a net margin of 9.1%.

    Read More

  • Van Metre Companies names new CEO

    Van Metre Companies names new CEO

    Van Metre Companies, a privately held real estate development, construction and investment firm announced Mike Dunleavy as Chief Executive Officer. This comes as previous CEO, Rick Rabil, is retiring after nearly 20 years leading the company. Dunleavy previously served as CFO of Van Metre Companies since 2018.

    “Van Metre has always taken a long-term view of our business, our people, and our responsibility as a family-owned company,” said Beau Van Metre, Chairman of Van Metre Companies. “Mike is the right leader for this next chapter. He understands the enterprise at a strategic level and shares our commitment to thoughtful growth, strong governance, and enduring partnerships. We are confident in his ability to lead Van Metre while honoring the values and discipline that have defined our success.”

    “I am honored to step into the role of CEO at such an important moment in Van Metre’s history,” said Mike Dunleavy. “This is a company with an extraordinary legacy, a strong culture, and a talented team across every division. I’m grateful for Rick’s leadership and mentorship, and I’m excited to build on the foundation that has been created—continuing to grow responsibly, invest strategically, and deliver long-term value for our stakeholders.”

    Read More 

Exclusive Feature

  • TPG buys majority stake in Lennar asset

    TPG buys majority stake in Lennar asset

    It was announced that TPG Real Estate (TPG) acquired a majority interest in Quarterra, an established developer of multifamily communities which Lennar Corporation (Lennar) retains a minority stake in. Lennar was founded in 1954 and is one of the nation’s leading home builders. TPG also made a $1 billion strategic commitment in connection with the acquisition and expects to raise additional capital to fund future growth and the development of Quarterra’s multifamily pipeline.

    “This partnership reflects our shared commitment to tackling one of America’s most pressing challenges: housing affordability,” said Stuart Miller, Executive Chairman and CEO of Lennar. “By combining TPG’s institutional capital and real estate expertise with Lennar’s deep building and community-development expertise, Quarterra will be able to accelerate its mission of creating attainable rental options that help more Americans step onto the path toward future homeownership.”

    Quarterra’s proven multifamily platform combines quality, consistency, and scale to deliver communities built to meet the full spectrum of needs of today’s renters,” said Dan Frydman, Business Unit Partner with TPG Real Estate. “As demand for modern, attainable rental housing continues to grow, we are excited to partner with the Lennar and Quarterra teams to position this platform for success as an independent company with expanded resources to deliver housing supply to families and communities across the country.”

    Read More 

  • Taylor Morrison JV Forms Multibillion Dollar BTR Partnership

    Taylor Morrison JV Forms Multibillion Dollar BTR Partnership

    Taylor Morrison has entered a partnership with Kennedy Lewis Land Management in a joint venture worth $3 billion to expand the home developer’s build-to-rent brand, Yardly. The two companies share a history together on previous projects developed by Taylor Morrison, and now look toward strengthening their presence in the BTR market. As rent prices continue increasing, tapping into the BTR markets will allow companies to gain from the high demand stemming from rent growth, even as supply rises.

    Read More

Exclusive Feature