NEWPORT BEACH, Calif.--(BUSINESS WIRE)--IHP Capital Partners believes that the nation’s homebuilding industry can expect measured growth through the balance of the decade, with millennial and active adult homebuyers leading the way. However, land, labor and material costs are high, skilled labor is in short supply, and new consumer preferences are emerging that will impact community and home design. Therefore, developers, builders and their associates need to collaborate early and innovate often to deliver feature-rich, affordable homes, and they’ll need to do it in a way that preserves residual land values and protects margins.
That’s the general consensus emerging from leading homebuilders, architects, suppliers and marketing experts who shared their assessments of the single-family home market with over sixty of the industry’s top executives at IHP Capital Partners’ 24th Annual Roundtable held November 14, 2017 at Big Canyon Country Club in Newport Beach.
Executives from KB Home Company, Shea Homes, Five Point Holdings, TRI Pointe Homes, The New Home Company, Woodside Homes, John Burns Real Estate Consulting, The Englander Company, Martin & Associates, Bassenian Lagoni Architects, Teichert, and Reliable Lumber participated in the three-panel symposium. The group examined the prevailing dynamics of the housing market recovery, the challenges of rising costs, and what design and production innovations are emerging to mitigate those costs.
“The take away is that while we’ve been enjoying this demand-driven housing recovery for six years, rising costs are challenging affordability, requiring real innovation,” said IHP Capital Partners Co-Founder and President Doug Neff.
IHP Capital Partners, founded in 1992, is one of the nation's largest investment firms providing equity financing for single family residential development. The firm invests institutional capital in for-sale single family residential real estate projects throughout the United States. IHP and its investment partners have created neighborhoods and communities valued at more than $20 billion. For more information visit www.ihpinc.com.