Townhomes Climb to 16% of D.R. Horton’s Mix as Builder Shrinks Homes to Hit Monthly Payments
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Duplexes and townhomes have climbed to about 16 percent of D.R. Horton’s closings from 10 percent a year ago, as the nation’s largest homebuilder shrinks its product to keep monthly payments within reach and its execu…
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