Executives at Arlington-based D.R. Horton, the nation’s largest homebuilder, see capital constraints for private and smaller builders as an opportunity to pick up more land and home construction sites nationally.
“We certainly have picked up a few land positions, lot positions here and there,” Romanowski said. “But no significant shift in how they’re addressing the market.”that pressure on regional banks and continued tightening by the Federal Reserve would create constraints on lending for homebuilders nationwide.
Public builders made up just over half of all single-family homes built from April 2022 through March 2023, according to Wilson. That share hasn’t changed since 2019. In 2014, they had a smaller 43.6% share of the market.Even though builders may not see a need right now for more home sites, there are concerns that land development will be expensive when they do because of still-high land prices alongside the higher cost of financing, Wilson said.
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