Business

BIG BUILDER

Johnson, Tricon Team up on Masterplanning a Future

The Johnson Companies LP, parent of masterplanned community development's hottest player right now, Houston-based Johnson Development sold an undisclosed percentage of the company to Toronto-based Tricon Capital Group for $18.5 million. The equity investment gives Johnson an infusion of growth capital and succession planning runway, and it yields Tricon an ever-strengthening yield opportunity against the United States housing market's early recovery bright spots. BUILDER's John McManus reports.

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BIG BUILDER

Comp Time: Public CEO Pay Rankings for 2013

Public home building "named executive officers," most notably ceos, saw a 35% spike in their total compensation packages in 2013, thanks primarily to operational performance-related bonuses that kicked in as volume and pricing picked up pace last year. Here's a look at this year's public home builder ceo compensation rankings, which feature some newcomers to the list by virtue of a spate of Initial Public Offerings in calendar 2013.

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BUILDER PULSE

Affordability: A Menace or an Opportunity

Zillow analyst Krishna Rao is out this morning with a worry-inducing report on American housing markets' erosion in "strong home price affordability." The big data show that in many markets, the percentage of folks who earn median household incomes who can afford a median-priced home is shrinking. In some markets, prices are already forcing people to look farther afield from job centers and downtowns. What do you make of this? Do price and relative affordability trends strike you as a threat to demand, or an opportunity to spark demand by disrupting the trend?

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BIG BUILDER

Selling Success: An Inside Job

For fleeting instants, stars align, but for all the other times, it's good to build a resilient, adaptable, win-no-matter-what culture around training. What's your fallback for when circumstances do not contribute to, or even threaten your success? Forrest Performance Group's Jason Forrest--who'll be on our "Boot Camp" faculty at the Housing Leadership Summit--offers two reasons training is simply not an option in today's headwinds-filled housing climate.

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BIG BUILDER

Rites of Spring

Among domestic rites of Spring, perhaps none barrels and eddies headlong to a larger-than-life, kinetic sweep of such epic proportions as the National Collegiate Athletic Association Division 1 men’s basketball tournament. How is home building's Spring Selling Season similar, and how will it remove ambiguity from the business's biggest question? BUILDER's John McManus comments.

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