Tom Blanchard keeps Blanchard & Calhoun focused on what big firms can’t buy

For over a century the Georgia-based brokerage Blanchard & Calhoun Real Estate Co. has continued to serve consumers in the Augusta area all while navigating recessions, record high interest rates, the rise of the internet, the COVID-19 pandemic housing market, the commission lawsuits and the current wave of massive consolidation hitting the housing industry. Tom Blanchard, the firm’s president,...

Berkshire’s Clayton adds McGuinn Homes to Mungo as scale race widens

Clayton Home Building Group confirmed that its Southeast U.S. powerhouse operator, Mungo Homes has acquired Columbia, S.C.-based McGuinn Homes, a four-decade-old regional builder whose rise in HousingWire’s Homebuilder Rankings reflected a carefully executed growth strategy centered on attainable homeownership, disciplined operations and customer focus. In announcing the acquisition, Clayton described...

California November ballot: a billionaire tax and new local tax limits

California has long been synonymous with high taxes, but new fights over who will pay them are exposing a sharper fault line. The state increasingly reaches for “tax the rich” tools to fund housing and social programs, while anti-tax forces try to constrain those same tools. California’s tax fight is unfolding under a national spotlight. Lawmakers and advocates are testing how far “tax the...

U.S. Mortgage Demand Holds Steady in Late June

Lower Rates Support Home Purchase Activity U.S. mortgage demand was essentially unchanged last week, but purchase applications continued to outperform last year's pace as modestly lower borrowing costs and improving housing supply encouraged more prospective buyers to enter the market. The Mortgage Bankers Association reported that its seasonally adjusted Market Composite Index--a broad measure of...

Newsom signs balanced budget with $1.7B locked-in for housing

This time last year, California Gov. Gavin Newsom signed a state budget that included sweeping housing reforms that allowed urban residential developers to avoid rigorous environmental reviews. This year’s budget, which Newsom signed on Monday, does not carry the same historic housing reforms as last year. Instead, it is historic for balancing the budget. “For the next two years, California will...

Why Carlisle Companies targets Owens Corning for an M&A combo

As homebuilders grapple with questions of scale, access to capital and long-term competitiveness, many of their largest suppliers appear to be navigating similar strategic pressures. Carlisle Companies‘ unsolicited pursuit of Owens Corning, reported Monday by the Wall Street Journal, suggests that the forces reshaping homebuilding boardrooms are also beginning to reshape the building-products...

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