San Antonio, and New Orleans for their high year-over-year for-sale inventory.
can offer someone a rate of 5.75% in the new market, compared to a 7.75% rate in the resale market, it’s easy to see why home builders are doing really well right now.” Goodwin reassures investors that despite challenges, making informed decisions can lead to excellent returns. Transaction slowdowns do not signify a dead market, emphasizing the importance of research, resilience, and staying focused on long- term goals. Goodwin encourages aspiring investors to view the current situation as an opportunity to build a resilient business capable of withstanding any challenges. •
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way to access the capital they need to scale their businesses. Formerly known as LendingHome, Kiavi is committed to helping its customers revitalize the approximately $25 trillion worth of aged U.S. housing stock to provide move-in ready homes and rental housing for millions of Americans across the country. For more information, visit www.kiavi.com.
5. UNTAPPED POTENTIAL IN NEW CONSTRUCTION Investors should not overlook the opportunities in new construction. Despite declining margins, the National Association of Home Builders predicts an increase in single-family production from 744,000 units in 2023 to 925,000 in 2024. “Large rebuilders have been doing extremely well in 2023 due to their ability to buy down mortgage rates to maintain sales volume,” said Goodwin. “When a builder
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