Noah Breakstone, managing principal of BTI Partners, discusses how homebuilders throughout the Southeast are struggling with tight credit and high costs. He explains that a growing number of builders are implementing a just-in-time land banking strategy with a knowledgeable partner to improve cash flow.
The article notes that housing starts remain below historical averages despite strong economic conditions. Breakstone observes that builders of all sizes face obstacles acquiring land financing, as most banks do not want to finance the acquisition of land that is not already producing income.
