This is a snippet of the transcript.Contact Salesto get full access.
I think it's the tenure of management. We're not just doing it for units; people care about it. For instance, when I was there, we monitored that nobody could have more than 10 homes under construction at one time. When you talk to other companies, we'd get people coming from Horton, LGI, and Lennar, and they'd have 70 homes under construction. There's no way to monitor quality at that scale. Often, subcontractors are driving the ship. They show up, aren't managed, do their work, and the next person covers it up. It was eye-opening to me that affordability often trumps quality in terms of volume for these home builders. All the big ones are in the same boat, doing high-volume, big-box, efficient work. I used to think quality mattered more, but affordability is a huge pressure now. When I was growing up, it was more affordable for my wife and me to buy a first home. It's not anymore. If you can dominate in quality, efficiency, and cost, I think those builders will rise to the top.
This is a snippet of the transcript.Contact Salesto get full access.
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2025 IP 1 Ltd. All rights reserved.