Barron’s Penta discusses the critical shortage of single-family housing in the U.S., highlighting a gap of 5.5 million units created during the 2010s. Noah Breakstone, CEO of BTI Partners, explains that “you just can’t turn on the spigot for land,” emphasizing supply constraints in the market.
The piece outlines three investment strategies: homebuilder stocks (Lennar, Toll Brothers, D.R. Horton), single-family rentals attracting institutional investors, and land equity funds providing developed land to homebuilders—exemplified by BTI’s WCP Homebuilder Inventory Solutions vehicle with Westport Capital.
