Recent Studies Show That Residential Cost Per Square Foot Decreases With Home Size
A couple of recent industry studies prove a correlation between home size and cost per square footage as well as the importance of considering economies of scale when it comes to residential construction. A recent analysis from the National Association of Homebuilders (NAHB) suggests the cost per square foot decreases as home sizes increase — a finding that is […]
Executive Profile: Thomas Mehegan
When developing residential infrastructure at scale, there is no substitute for hands-on experience. Thomas Mehegan Sr., Jobalia’s President of Residential Development, has been developing land and underground utilities for over 50 years. The unmatched skill set and knowledge he has acquired throughout his career have helped to set himself and Jobalia Development Group apart from competition in the industry. […]
Demand For New Home Construction In Florida Is Prevailing Despite Resale Inventory Growth
While Florida resale housing inventory is finally on the rebound, demand for new single-family construction remains high as plenty of ready-to-build land is available across the peninsula. Many industry experts are anticipating a decline in demand for new home construction as more resale inventory hits the market, but a combination of macroeconomic headwinds, specifically around Florida’s […]
While Resale Inventory Is Rising, The Nation’s Largest Homebuilder Isn’t Concerned About Demand For New Construction
Despite high interest rates and economic headwinds, resale inventory is finally starting to grow. While this is a positive sign for the overall real estate market, some investors are wondering if more resale listings could dampen demand for new home construction. If last month’s earnings call is any indication, the nation’s largest homebuilder isn’t too […]
Executive Profile: Anand Jobalia
As the CEO and leader of Jobalia Development Group, Anand Jobalia is responsible for managing the day-to-day operations and accelerating the company through its strategic plan. Since joining the firm in 2004, Anand has had a major impact on growth and has helped to narrow the company’s focus toward single-family residential construction. Anand brings an […]
While Buffet Might Be Out On D.R. Horton, There Is A Lot To Like About The Nation’s Largest Homebuilder
Warren Buffet’s Berkshire Hathaway unloaded just under 6 million shares of D.R. Horton at the end of 2023, but that hasn’t changed many leading analysts from viewing the nation’s largest homebuilder as a solid long-term investment. Berkshire Hathaway’s decision has puzzled many who see tremendous upside in the homebuilding market. Some hypothesize the move was due to […]
D.R. Horton Plans To Offer Mortgage Rate Buydowns Long-Term To Maintain A Competitive Edge
As the shock of high interest rates has dramatically slowed the real estate market for the last year and a half, homebuilders have had to get creative to make homes more affordable. Tactics like paying for closing costs or offering designer upgrades have helped to spark new business during the downturn; however, it’s mortgage rate buydowns that have proven […]
The Continued Undersupply of Available Housing in Lost Markets
As markets around the United States continue to grapple with housing affordability challenges and limited inventory, policymakers are beginning to expand on mandated affordability reform rather than loosening restrictions on new development and allowing the free market to solve the problem. High interest rates and inflation continue to be primary drivers behind limited housing inventory. […]
Florida Leads US In New Home Construction, But Some Builders Are Struggling To Keep Up
Housing costs and low inventory have sparked a significant need for new home construction this year, and demand is so high in Florida that some builders can’t keep up. As low housing inventory plagued the market for much of 2023, experts don’t believe these challenges will abate next year. While mortgage rates are expected to come […]
Major Home Builders Are Adjusting Their Land Development Strategy As Land Scarcity Could Pose Challenges For Housing Supply
2023 has been a difficult year for housing inventory, and some industry experts believe land scarcity is about to make the problem worse. The amount of ready-to-build land across the United States is dwindling and it’s becoming increasingly expensive to develop it. However, Lennar and other homebuilders are pursuing new land development strategies to navigate these costly challenges. […]
