Gary Bolis Jr

Interesting Read: http://www.builderonline.com/design/consumer-trends/once-hot-apartment-construction-cooling-as-us-housing-engine_c Faster apartment building was instrumental in pulling the U.S. housing market out of its slump a decade ago. Now, that engine is starting to throttle back. A softening in the multifamily segment is something to keep an eye on even as overall home building -- which includes single-family dwellings that make up the largest share of the market -- is expected to keep moving forward. The supply of apartments and condominiums has surged in recent years as builders responded to rising demand, fueled in part by young Americans who preferred to rent rather than purchase a home in the aftermath of the recession. A surge in prices for single-family properties, as the real-estate market recovered from its 2006 plunge, also made apartments more attractive for both builders and people unable to buy.  For Full Article Go to : http://www.builderonline.co...

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2017 Good read: https://www.census.gov/construction/nrc/pdf/newresconst.pdf FOR RELEASE AT 8:30 AM EST, FRIDAY, NOVEMBER 17, 2017 MONTHLY NEW RESIDENTIAL CONSTRUCTION, OCTOBER 2017 Release Number: CB17-184 November 17, 2017 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2017: NEW RESIDENTIAL CONSTRUCTION OCTOBER 2017 Building Permits: 1,297,000 Housing Starts: 1,290,000 Housing Completions: 1,232,000 Next Release: December 19, 2017 Seasonally Adjusted Annual Rate Source:  U.S. Census Bureau, HUD, November 17, 2017 Building Permits Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,297,000. This is 5.9 percent (±1.4 percen...

Interesting read... http://www.metrostudy.com/lennar-calatlantic-deal-impacts-nations-biggest-markets/ How the Lennar/CalAtlantic Deal Impacts the Nation’s Biggest Markets Kristin Maynard November 13, 2017 Brian Croce / Builder / November 13, 2017 Late last month,  Lennar  (NYSE: LEN and LEN.B) sent shock waves throughout the home building industry with the announcement that it plans to acquire CalAtlantic (NYSE: CAA) in a $9.3 billion deal—including a $3.6 billion net debt assumption. Under the terms of the deal, Lennar, the nation’s second-biggest builder in terms of closings, would acquire CalAtlantic (No. 5 in terms of closings) to create the country’s largest home building enterprise by revenue—$17.3 billion in 2016 revenues, according to  our Builder 100  data. When finalized, the deal will catapult the combined company to the country’s No. 1 spot for home builders in terms of revenue, jumping  D.R. Horton , which repor...