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Lawler: Large Builders Acquired Lots of Lots over the Last Year

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by Calculated Risk on 5/30/2022 12:42:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Large Builders Acquired Lots of Lots over the Last Year

A brief excerpt:

Over the last year some of the nation’s largest home builders acquired an enormous number of lots – either owned outright or “controlled” via land purchase option or other contracts – over the last year in anticipation of a continuation of a strong and perhaps even over-heated economy. Here are the number of lots owned or “controlled” for the three largest home builders.

…Obviously, the land/lot acquisition strategy of these (and other) builders over the last 15 months reflected an assumption that the exceptionally strong (frothy?) housing market over that period would continue throughout this year. If, in fact, housing demand slows considerably this year, then there could be some serious weakness in the land/lot markets.

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