
Bill Pulte Says Builders Have a “Dirty Secret”: 2 Million Empty Lots
Bill Pulte called it the housing industry’s “dirty secret”: major builders are sitting on over 2 million empty lots, keeping supply tight and prices high.

Bill Pulte called it the housing industry’s “dirty secret”: major builders are sitting on over 2 million empty lots, keeping supply tight and prices high.

A new report on ResiClub highlights words and actions from Warren Buffett and Ivy Zelman that point to mounting pressure on homebuilder stocks – the second-worst-performing S&P 500 subsector since October 2024.

Homebuilders face another hurdle as Trump imposes tariffs on steel and aluminum. Rising costs, labor shortages, and trade uncertainty—here’s what’s at stake for the housing market.

Trump hit pause—but for how long? A last-minute 30-day delay on new tariffs spared homebuilders from skyrocketing material costs, but if border security demands aren’t met, a trade war could be back on the table. Here’s what’s at stake.

Forbes reports on how top U.S. homebuilders, including Tom Bradbury of Smith Douglas Homes and Kathy Britton of Perry Homes, have become billionaires amid the housing shortage.

About one-third (33.4%) of single-family homes for sale in the first quarter of 2024 were new construction, roughly the same as last year but nearly double pre-pandemic levels. This year’s share is down from the record high of 34.5% reached two years ago.

Fannie Mae’s ESR Group published its August 2023 commentary on recent economic data and its likely impact on the housing market. Data points to an eventual downturn, which they now expect in the first half of 2024, though a soft landing is possible.
This site uses cookies for functionality, audience analytics, and marketing. We don't use your data without consent.
California residents have the right to opt out of data sharing.
Manage your cookie preferences below:
Essential cookies enable basic functions and are necessary for the proper function of the website.
CloudFlare provides web performance and security solutions, enhancing site speed and protecting against threats.
Service URL: developers.cloudflare.com (opens in a new window)
Google reCAPTCHA helps protect websites from spam and abuse by verifying user interactions through challenges.
Statistics cookies collect information anonymously. This information helps us understand how visitors use our website.
Google Analytics is a powerful tool that tracks and analyzes website traffic for informed marketing decisions.
Service URL: policies.google.com (opens in a new window)
Marketing cookies are used to follow visitors to websites. The intention is to show ads that are relevant and engaging to the individual user.
ConvertKit is used to power email signup forms and track visitor engagement with those forms.
Service URL: kit.com (opens in a new window)
Facebook Pixel is a web analytics service that tracks and reports website traffic.
Service URL: www.facebook.com (opens in a new window)
These cookies allow us to display videos and other content from third-party sites like YouTube directly on our pages. If you don't enable this category, embedded videos will be replaced with a placeholder, and you'll need to click to load them individually. These providers may set their own cookies once the content loads.
A popular social media platform for sharing photos and videos, connecting users through visual storytelling.
Vimeo is a video hosting platform for high-quality content, ideal for creators and businesses to showcase their work.
Service URL: vimeo.com (opens in a new window)
X, formerly known as Twitter, is a social networking and microblogging platform.
Service URL: x.com (opens in a new window)
A video-sharing platform for users to upload, view, and share videos across various genres and topics.
Service URL: www.youtube.com (opens in a new window)
You can find more information in our Cookie Policy and Privacy Policy.