Despite headwinds and uncertainty, public companies remain positive on the housing market heading into the spring selling season.
Builders managed a difficult demand and rate environment in the third quarter and are on track to achieve growth targets for the 2024 fiscal year.
Builders remain optimistic about the market and are adjusting land strategies to mitigate higher costs for lots.
The builder’s focus on reducing construction costs and SKUs is yielding cost savings that are helping offset the cost of mortgage rate buydown incentives.
Through community count growth, organic expansion, and M&A, public builders are committed to boosting market share and capitalizing on resilient demand in the calendar year.
