Category: Articles
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Dream Finders Bought Beazer. Will the Combined Business Deliver What the Acquisition Promises?
There is a moment in a homebuilder acquisition when the announcement becomes an operating responsibility, because…
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D.R. Horton and Meritage Are Adjusting Starts. Is Your Production Schedule Following Demand or Fighting It?
There is a moment in a slowing housing market when the production meeting becomes a test…
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Before You Enter Another Market, Get Stronger Where You Already Build
There is an appealing version of growth in homebuilding that can be illustrated with a map,…
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Berkshire Is Betting on Operators. What Is Your Worst Division Betting On?
There is a comfortable explanation circulating through homebuilding right now for almost every disappointing operating result:…
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Pulte Is Protecting Today’s Margin at the Expense of Tomorrow’s Market Share
There is a version of capital discipline every homebuilder executive understands instinctively: when traffic slows, affordability…
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The Spec-Home Arms Race: 80% of M/I’s Sales Are Specs. Is That a Strength or a Warning?
There is a comforting version of the current housing story that says spec homes are simply…
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Century Bought HistoryMaker. The Mitchell Family May Have Kept the More Valuable Business.
When Century Communities acquired substantially all of the assets of HistoryMaker Homes, the obvious story was…
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If Texas Housing Is Really in Trouble, Why Is Century Communities Buying More of It?
The prevailing conversation around Texas housing has increasingly become one of retreat, as strained affordability, elevated…
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The $1.25 Billion Question Behind Dream Finders-Beazer: Is Millrose Turning Land-Light Into the Financing Engine for Homebuilder M&A?
Everyone is talking about Dream Finders Homes’ approximately $2.2 billion acquisition of Beazer Homes as another…
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KB Home Made Five Cents on the Dollar While Other Builders Bet on a Buyer Who Has Not Arrived
A builder can protect the margin on a spreadsheet by starting homes it expects to sell,…