jmcmanus427

Two housing policies. Both meant to help. Together, they price millions of buyers out. 📊 53M U.S. households can only afford homes under $200K — yet policy keeps raising first costs. Policy clash: how two housing policies blend to price out millions housingwire.com/articles/manuf…

Invitation Homes’ $89 million ResiBuilt buy brings building in-house. A quiet but meaningful shift. From buyer of homes ➝ producer of supply. Capital-light. Cost control. Policy-aware. Small deal. Big signal for SFR and builders. housingwire.com/articles/invit…

The Builder's Daily has a new address! Earlier this year, The Builder’s Daily joined @HousingWire. And starting today, The Builder's Daily lives on HousingWire.com. This move gives our strong and loyal homebuilding community an improved platform and a wider lens to see how all parts of housing connect, along with industry-leading tools and events. @jmcmanus427 will deliver the same analysis, leadership stories, and market perspective that TBD users rely on. To find all homebuilding content: -> Visit HousingWire.com -> On the main menu, navigate to News → Homebuilding

@pulte Thank you, @pulte .... we'll stay tuned as homebuilders respond to the call.

Pulte Brings Homebuilder Know-How Inside Fannie Mae thebuildersdaily.com/pulte-brings-h…

@pulte So Brandon will be in both Fannie and Freddie boards?

Drees Forays Into San Antonio With Monticello Homes Purchase thebuildersdaily.com/drees-forays-i…

Land-Light, Land-Bank Pivot Reshapes Homebuilding Teams thebuildersdaily.com/land-light-lan…

🔑 Lessons for 2025 Success 🏘️ Cecilian Partners' John Cecilian Jr. & Phil Worland unveil strategies for homebuilders to thrive in 2025. Playbook For 2025: Build Data, Tech On Firm Process Foundation thebuildersdaily.com/playbook-for-2…

A Transformational Leap In Homebuilding Strategy: Millrose Game On thebuildersdaily.com/a-transformati…

Prediction: Look for the convergence of multifamily and single-family rentals in coming years under one umbrella among mid-sized and larger investment groups. Five reasons: 1) Build-to-rent (BTR) is bringing apartment and SFR players together into the same space. The lines are already blurring. 2) Apartments and SFR cater to adjacent markets, offering players in each space very natural paths to expand their target market under one umbrella. While there's some overlap, apartments generally cater to younger renters less likely to have kids. SFR generally caters to a somewhat older demographic more likely to have kids. 3) Many large apartment and (especially) SFR operators have already taken big steps toward centralized operations and maintenance. Once you've built out a multi-site regional/pod model, it's a lot easier to put apartments and SFR under the same umbrella. 4) There's enormous back-office and tech overlap in marketing, leasing, resident engagement, rent collections, procurement, etc. Natural synergies! 5) Stronger opportunities to create longer lifetime value per resident, thereby deriving real value from a management brand -- something that has proven elusive even to the largest property managers. If you can "grow" with a resident from the apartment stage of life into a single-family rental, that's a major value driver. To be clear: The market will still be incredibly fragmented -- especially on the SFR side, where institutional groups only own ~3% of rentals. But if those (and larger sub-institutional groups) can find efficiencies under one umbrella, it could create enough synergies to benefit not only operators, but also mid/longer-term renters who could reap various rewards, i.e. reduced/waived application fees or lease break fees for moves, potentially transferrable deposits, favorable renewal terms, loyalty programs, etc.

Brace for Impact: Builders Must Expect 2025 Supply Shocks ... Again thebuildersdaily.com/brace-for-impa…

@jayparsons All the best to you in your next endeavors, Jay.

Today is my last day at RealPage. It all started 15 years ago when I took a job there as an entry-level multifamily research analyst -- and only because I needed one during a recession, not because I really wanted it. I had no intent of sticking around long. But I slowly came to realize that rental housing was so deeply misunderstood and underappreciated by society and policymakers and even many investors – and yet so essential for millions of everyday Americans. I wanted to make a difference, and still do. I've learned from countless leaders in the industry, at government agencies, at non-profits and elsewhere. I developed a passion for causes like affordable housing and attainable housing, and also for helping investors find smart strategies. I started posting on social media in 2020, and X/Twitter a couple years later, and it boggles my mind that between the two platforms, my nerdy commentaries draw hundreds of thousands of views each week and 26m+ over the last year. I know that's peanuts compared to the real titans of Retwit, but it's far beyond my own wildest dreams. And the posts will keep coming. I'll be forever grateful for my 15 years at RealPage. But also excited for the next chapter. More to come soon.

@johnburnsjbrec let me be a #wfh trendsetter in 2015 when I moved to Portland to have time for a career and kids (with enough time to stay in shape by running my kids to daycare). Elon Musk wants you to go back to the office because he runs a car company, not b/c of productivity.

Get to know our efforts to RETROFIT NY. Here is a great article by @NYPassiveHouse nypassivehouse.org/dextall-wins-a… #exteriorarchitecture #exteriorwall #architecture #radicalchange #carbonoffset #commercialbuilding #technology #engineering #decarbonization #buildingperformance

This is clearly a "never before" moment in time. Mortgage rates have always been higher than inflation. Also, not how tight the spread has been since the Fed started buying mortgage-backed securities in 2009. #Fed

UPDATE:Stelton Project is almost complete! dextall.com/projects/stelt… #prefabricatedexterior #facades #exteriorwall #decarbonization #buildingperformance #techconstruction #BIMsoftware #autodeck #BIM #building #commercialbuildings #commercialconstruction #buildingexteriors

Growth of people in their 30s fueled the shift to the suburbs in the last decade (even before the pandemic). The same population fueled urban growth the prior decade in their 20s. Cities aren't dead, but age trends suggests continued suburban growth. @JBREC #jbrecdailyinsight

Consistent w @NAHBhome / @WellsFargo HMI builder sentiment, June single-family starts declined 8.1% to a 982K annual rate. Starts will continue to slow producing a net decline for 2022 construction starts. Multifamily construction remains strong. All due to higher interest rates.

June builder survey results were pretty rough.