Jobalia Development Group Is Streamlining Residential Construction For Florida Homebuilders
Residential construction isn’t a business you can take lightly, and it’s not always obvious to outsiders how much work goes into building new neighborhoods and communities. Jobalia Development Group has earned a strong reputation for supporting the nation’s largest homebuilders with some of the most challenging components of residential development. Over the last several decades, the […]
Builder-Developer Partnerships Are Transforming Florida’s Housing Market
Limited land supply is becoming a major pain point for home builders, as market competition continues to drive prices up in 2024. With lot availability challenges showing no signs of subsiding, many firms have been looking at strategic partnerships with land and infrastructure developers to drive growth. These builder-developer relationships have become a key strategy […]
Residential Development in Florida and the Role Jobalia Development Group Plays
Through a combination of strong analytical skills and decades of construction experience, the team at Jobalia Development Group has become one the most important companies driving new home growth in Florida’s top markets, while carving out an essential niche in the residential development industry. As demand for new construction shows no signs of subsiding, especially in […]
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 […]