This week I read that Ivy Zelman, generally acknowledged as the top homebuilding financial analyst, was laying it on pretty heavy to builders at a conference that their reluctance to supply entry level housing was one of the most significant drags on the entire industry. We have heard repeatedly that Millennials are substantially priced out of the market despite their desire for home ownership. If the entry level drags, everything drags. Yesterday I spoke with a friend who is a partner in a large VC firm that has significant investments all over the country in about everything ... but entry-level housing. Why? They just don't see the profit opportunity there.
Other industries have managed to harness technology to boost productivity. Why not home building?
The PPP is a great opportunity for small businesses hurt by COVID-19 to obtain much needed capital to pay bills, pay employees, and invest in getting back to business