National Outlook

Remodeling Work Is Speeding Up Nationwide, RRI Finds

By REMODELING Staff Hurricanes, general economy spur 4.8% gain in index since 3Q16   Metrostudy Big-ticket remodeling activity nationwide rose 1.2% in the third quarter from the second and 4.8% from 2016’s July-to-September period, hitting a new high, according to Metrostudy’s latest Residential Remodeling Index (RRI) released today. The index rose to an unprecedented 110.0 in the third quart …

How the Lennar/CalAtlantic Deal Impacts the Nation’s Biggest Markets

Brian Croce / Builder / November 13, 2017 Late last month, Lennar (NYSE: LEN and LEN.B) sent shock waves throughout the home building industry with the announcement that it plans to acquire CalAtlantic (NYSE: CAA) in a $9.3 billion deal—including a $3.6 billion net debt assumption. Under the terms of the deal, Lennar, the nation’s second-biggest builder in terms of closings, would acquire CalAtlan …

Lennar & CalAtlantic: A Local Perspective

America’s No. 2-ranked homebuilder, Lennar announced a $5.7 billion merger deal with No. 5-ranked CalAtlantic. This combined entity creates the largest home building enterprise by revenue ($17 billion in 2016 revenues, according to our Builder 100 data) and a major presence in 24 of the top 30 nationwide housing markets. With nationwide new home starts continuing to trend upwards, the combined com …

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Local View

Regional Director for Dallas/Ft. Worth, Paige Shipp, Presents at Land Gorilla Summit

Paige was one of the keynote presenters at Land Gorilla’s Construction Lending Summit this past summer. Land Gorilla brought together industry thought leaders to help solve the housing inventory shortage from the ground up. After the successful launch of the Construction Lending Summit in Denver, Colorado, the latest mortgage industry event headed to the booming Dallas Fort-Worth Metroplex. Watch …

HOUSTON HOUSING 3Q17: Impact of Harvey Strongest in the Resale Market; New Home Sales Should Surge in 2018

Houston’s new home market and general economic conditions cannot be discussed without touching on the impacts of Hurricane Harvey, which damaged 167,000 single family homes throughout the Greater Houston Area. By and large Harvey was a resale market phenomenon due to the locations of most flooding impacts. In general, Metrostudy does not anticipate any significant increase in new home sales demand …

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