Industry Developments

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

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  • 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.”

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  • 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.

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  • 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.

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  • 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.”

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  • 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.

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  • 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.

  • Trumark Homes purchases nearly 200 sites in Oxnard

    Trumark Homes purchases nearly 200 sites in Oxnard

    Trumark Homes announced that it purchased 183 single-family homesites at Mandalay Bay, a master-planned community adjacent to Mandalay State Beach in Oxnard, Calif. Breakwater at Northshore in Ventura County will expand the company’s footprint in the central coast region while marking its return to Oxnard.

    The community will  include 183 single-family homes across two distinct neighborhoods, with homes ranging from 2,614 to 3,948 square feet. Model construction will begin in May, with sales following in late 2026.

    “Breakwater at Northshore at Mandalay Bay presents an incredible opportunity to build modern single-family homes offering stunning views and beachfront living in a prime area of coastal California”, said Josh Peterson, Central California Division President at Trumark Homes. “Building on our legacy in the city, we are excited to be adding much-needed housing to Oxnard for a variety of homebuyers looking to live in this one-of-a-kind coastal community.”

    Mandalay Bay is a 90-acre, 292-home master-planned community with more than 15 acres designated as environmentally protected open space.

    “Oxnard is a wonderful community for families, empty-nesters and anyone seeking a coastal lifestyle and the endless outdoor activities a prime location like Breakwater at Northshore provides,” added Peterson. “This is a once-in-a-lifetime opportunity to purchase a new single-family home in a beach community, and we look forward to showing homebuyers what Trumark Homes has to offer.”

    Photo Credit: Trumark Homes

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  • KB Home reports first quarter 2026 results

    KB Home reports first quarter 2026 results

    KB Home operates in 49 markets, in the first quarter 2026 results reported net orders of 2,846 increased by 3%. KB Home President and CEO, Robert McGibney stated that his team expects to hit peak community count during the spring selling season. He also looks to continue reducing building times to enable more efficient home delivery.

    However compared to year over year data, revenues were down 23% to $1.08 billion and homes delivered decreased 14% to 2,370. Additionally, the average selling price was down to $452,100, compared to $500,700 the year before.

    “Concerns surrounding the conflict in the Middle East have introduced an additional layer of uncertainty for consumers who were already working through numerous challenges,” said Jeffrey Mezger, Executive Chairman. ” Still, we believe we are well positioned to navigate the current environment, with the distinct personalized homebuilding experience we offer, strong financial flexibility, and a disciplined, balanced approach to capital allocation.”

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  • Trumark Homes acquires JK Monarch

    Trumark Homes acquires JK Monarch

    On March 20,2026, Trumark Homes announced the acquisition of homebuilder JK Monarch. This strategic acquisition expands Trumark’s footprint into the Pacific Northwest market. Michael Maples and Gregg Nelson, Trumark Companies’ co-founders and co-CEOs, shared that expansion into this market was a target for years. With this new Washington Division joining the existing teams in Northern, Central and Southern California and Colorado , they aim to become one of the top homebuilders in the region through an aggressive land strategy.

    “We have targeted expansion into the Pacific Northwest for years, and with this acquisition of JK Monarch we can capitalize on the strength of this market,” said Nelson. 
     
    “Our strategic growth into the Washington market is an important milestone for Trumark Homes, both historically and as a nod to where our company is headed,” said Maples. “By combining our operational infrastructure and resources with JK Monarch’s deep market knowledge and regional relationships, we aim to become one of the top homebuilders in the region.”
    JK Monarch is a private homebuilder in Washington state that was founded in 2011 by Jonathan Bartels. JK Monarch specializes in building new home communities across the Puget Sound and Tri-Cities area, with active developments in Puyallup, Tacoma, Gig Harbor, Bonney Lake, Lakewood and Enumclaw.
    “This is a very exciting time for our company and our team as we join the Trumark Homes family,” said Bartels. “What attracted me to Trumark Homes was the leadership, company values and culture, commitment to excellence and dedication to customer satisfaction. I am excited about the opportunity this provides our team members and trade partners.”
    Trumark Homes plans to bring the broader JK Monarch team into the organization as part of the transition. They note the leadership team will be integral to establishing Trumark’s Washington Division and guiding its continued success.
    For more information about Trumark Homes, please visit: trumarkhomes.com.
    Photo credits: JK Monarch/Trumark Homes
     
  • 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.”

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  • 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.

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  • 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. 

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  • 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.”

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  • 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%.

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  • 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.”

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  • Tri Pointe Homes acquires 100 Homes in South Austin

    Tri Pointe Homes acquires 100 Homes in South Austin

      href=”https://www.tripointehomes.com/”>Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the U.S., has announced the acquisition of 100 single-family homesites in Easton Park, a planned community that is well-appointed with premium amenities in South Austin. The acquisition supports Tri Pointe’s continued growth strategy in the Austin metro, focused on delivering thoughtfully designed homes in locations that offer strong connectivity, lifestyle amenities, and long-term value. 

    “The Austin metro continues to be one of the fastest-growing large metro areas in the country, with continued population and employment growth projected in the decade ahead,” said Bryan Havel, Division President of Tri Pointe Homes Austin. “Easton Park represents the kind of thoughtfully planned, amenity-rich community where today’s homebuyers want to live. We look forward to expanding our presence in South Austin and delivering premium lifestyle homes that complement the community’s aesthetic while supporting the region’s continued growth.”

    The recently acquired 30- and 35-foot homesites will be located within Paley Park, a new neighborhood coming to the 2,700-acre Easton Park community. The two-story homes are expected to range from approximately 1,377 to 1,783 square feet, and are anticipated to include two to four bedrooms, two-and-a-half to three baths, and alley-loaded two-bay garages. Home construction is scheduled to begin in spring 2026, with sales projected to launch later this year.

    Located in South Austin near U.S. Highway 183 and East William Cannon Drive, Easton Park is currently ranked among the top planned communities in Austin by sales volume and, at full buildout, will feature approximately 350 acres of parks and green space, an on-site elementary school, and a wide array of lifestyle amenities. These will include The Union, a 14,000-square-foot amenity center with a resort-style pool and fitness center, as well as a hammock garden, dog park, and more than 13 miles of planned trails.

    Offering homeowners abundant opportunities to enjoy the outdoors, the community is situated just south of McKinney Falls State Park and east of Onion Creek Metropolitan Park. The neighborhood’s convenient location also allows easy access to major employment centers, shopping, and destinations, including Austin-Bergstrom International Airport, Downtown Austin, SouthPark Meadows shopping center, Circuit of the Americas, and the Tesla Gigafactory.

    “As one of Austin’s most forward-thinking planned communities, Easton Park’s continued evolution allows us to deliver homes that align with the community’s vision while creating lasting value for future homeowners,” said Havel. 

  • 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.”

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  • 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.

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