| Taylor Morrison CEO Sheryl Palmer: "I am bullish on building" | | |  | THU, MAY 16, 2019 | | | | | | WHERE BUSINESS AND POLITICS CONVERGE | | | | At our Capital Exchange event this morning at The Willard InterContinental, we talked to two leading voices in real estate about the state of their industry, the effects of tariffs and immigration policy on home building, and how how to address a nationwide shortage in housing.
The latest read on April housing starts showed improvement over March, but still a slower building pace than a year ago. This, as demand for housing soars and the nation struggles with a deficit of affordable homes for sale. So why aren't builders rushing to put shovels in the ground?
Speaking at our Capital Exchange breakfast this morning in Washington, D.C., Sheryl Palmer, the CEO of Arizona-based Taylor Morrison Homes (NYSE: TMHC) put it bluntly:
"The fourth quarter [of 2018], was probably, holistically, the worst quarter we've had as an industry since the downturn, and we ended the year with a tremendous amount of inventory. In December, if you were to talk to anybody, there was, potentially, a house was never going to be sold in the U.S. again. It was that bad."
After a robust first half of 2018, consumers were hit with higher mortgage rates, a government shutdown, and uncertainty in the stock market, leading them to wonder if sit was the right time for such a huge investment. Demand fell suddenly, and builders were stuck holding the bag...
Read the rest of my article here.
Join us at our next Capital Exchange event on June 11 in DC, where we'll talk trade and examine the policies and strategies will allow American businesses and the U.S. economy to thrive.
Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.
| | Taylor Morrison CEO Sheryl Palmer: "I am bullish on building" | | Taylor Morrison CEO Sheryl Palmer joins incoming Freddie Mac CEO David Brickman at Capital Exchange, exploring the new realities of real estate. "I am bullish because of demographics," she says. "Now we have to learn how to build on it, and build on it at the right price." | | | | | | "We don't have enough housing," incoming Freddie Mac CEO says | | Incoming Freddie Mac CEO says that while there's "no major dip likely in front of us," the bigger issue is "no one can figure out how to build more affordable without some type of change in either the regulatory structure or some form of additional subsidy." | | | | Capital Exchange
Global Trade: Thriving in a New Era
Tariffs, a new NAFTA, an ascendant China, Brexit. Amid all the variables and all the noise, one thing is clear: we've entered a new era of global trade. What policies and strategies will allow American businesses and the U.S. economy to thrive?
Featured speakers include:
Clete Willems, Former Special Assistant to the President for International Trade, Investment, and Development
Interviewed by: Kayla Tausche, Washington correspondent, CNBC | | Capital Exchange: Global Trade June 11, 2019
Washington D.C. | | Capital Exchange
Economy 2020: Achieving Sustainable Growth
Capital Exchange events feature candid conversations about how business and government can better collaborate to create jobs and economic growth. Featuring top lawmakers, CEOs and administration officials, Capital Exchange will focus on the confluence of policy, business and money. Events will cover such topics as Innovation and Regulation; Immigration Policy and the Economy; Finance, Markets and Banking in the Trump Era; The New American Labor Force. | | Economy 2020: Achieving Sustainable Growth July 9, 2019
Washington D.C. | |
Post a Comment