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% to 3.75%, exactly as everyone expected. Nobody’s surprised by that part. What’s notable is...
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: Construction input prices rose 2.6% in May and are up 9.6% year over year — the fastest annual...
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, compressed inventory, rising rents, industrial demand — but haven’t yet attracted the...
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 to.In my last post, I wrote about showing up — being present, being honest, and doing work...
The narrative around Florida real estate tends to flatten everything into one story: sunshine, migration, opportunity. But that’s a dangerous oversimplification for anyone deploying capital. Florida in 2026 is a tale of diverging markets, and the investors who...
· danielkaufmanre.com I’ve been sitting with this post all weekend. Not because I didn’t know what to say, but because I wanted to actually mean it when I said it. That’s really what this whole season has been about slowing down enough to be honest. With myself, with...
