I’ve spent more than 25 years building, lending, and investing across housing markets, and one lesson keeps repeating itself: supply decisions made today show up in fundamentals...

Everyone is celebrating the wrong number. Yes, New York built 38,682 apartments in 2025, its strongest year since 1965. But a record year that covers less than 10 percent of a...

Nashville. Atlanta. Charlotte. Raleigh. These markets spent a decade being marketed as the escape hatch from high-cost coastal cities. Lower taxes, cheaper land, room to grow....

The Wall Street Journal ran a headline last week that stopped me mid-scroll: “Chicago Missed the Tech Boom. Quantum Computing Gives It a Second Chance.” Read...

When you get 89 U.S. Senators to agree on anything, it’s worth paying attention. Last week, the Senate passed the 21st Century ROAD to Housing Act, a 303-page, 40-plus provision...

I read Fed statements the way I read a construction budget, looking for what changed, not what stayed the same. And today, what changed matters.The Fed held rates steady at 3.5%...

If you’re underwriting a deal this month, stop and run your numbers again. The cost side of your pro forma just moved against you, and it moved fast.The number that matters:...

There is a category of market that serious developers and investors should pay close attention to right now: metros that are generating real economic signals — population inflow,...

On pivoting into impact-driven real estate, the brutal economics developers are fighting right now, and why I’m opening the door — not to make money, but because someone has...