by Rhett Loveman | Dec 17, 2024 | Insights
Onsite sewer systems have transformed land development by providing innovative wastewater treatment solutions that offer numerous advantages for both property owners and developers.The Challenge and OpportunityExtending municipal sewer lines is often...
by Rhett Loveman | Dec 16, 2024 | Insights
Unlike general taxes that are paid by all residents for government services, impact fees are paid solely by developers as part of the development approval process. They’re used as a way for municipalities to offset the additional costs incurred...
by Rhett Loveman | Dec 16, 2024 | Insights
Our previous article gave an overview of the entitlement process. Now we’ll explore entitlement holders and what constitutes a fully entitled site.Local Entitlement HoldersEntitlements start at the municipal level with the crucial step of zoning. It’s the cornerstone...
by Rhett Loveman | Dec 16, 2024 | Insights
Lot shortages have emerged as a significant challenge in the US housing market. It effects construction activity, affordability, and market dynamics. Seventy-five percent of builders plan to start more homes in 2024 than in 2023, so...
by Rhett Loveman | Dec 16, 2024 | Insights
The 2024 Q2 results showed strong employment, a persistent shortage in housing supply, and robust demand fueled by strong household formation.Net SalesFaced with persistently high interest rates and home prices, buyers still jumped...
by Rhett Loveman | Dec 16, 2024 | Insights
Despite the economic effects and pressures of an election year, third quarter results revealed resilience in the homebuilding industry. Overall performance remained steady, underscoring the sector’s strength in the face of broader market...
by Rhett Loveman | Dec 16, 2024 | Insights
Presidential election years in the United States are historically periods of heightened speculation affecting the real estate and stock markets. The anticipation of possible shifts in leadership can prompt changes in fiscal,...
by Rhett Loveman | Dec 16, 2024 | Insights
And Why They Shouldn’t Be.In the hundreds of municipal zoning meetings I’ve attended in my career, the same three objections to new growth and development have been made at each one: traffic congestion, storm water runoff, and school capacity. These concerns are...
by Rhett Loveman | Dec 16, 2024 | Insights
Interest rates remain unchanged since the summer, but several cuts are projected for 2024. A group of thirty-four economists, surveyed by the Philadelphia Federal Reserve in the United States’ oldest quarterly economic forecast...
by Rhett Loveman | Dec 16, 2024 | Insights
Every successful development begins with securing the right piece of land; however, land is costly, the entitlement process is time-consuming, and developing the land is expensive. Enter the land-light asset model, which is increasingly prevalent in today’s...
