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Today, your hosts, Ryan Glick and Charles Covey, dig into several real estate industry articles. They start by looking at an article which argues that new construction offers better value for developers amid a severe housing shortage.

Next, they shift their focus to an article from CNBC that explores why housing inflation remains high. Despite a cooling in the broader economy, the slow decline in housing costs continues to impact the Consumer Price Index (CPI). Charles shares his insights into the outdated methods of calculating the CPI and how modern data collection could provide more accurate and timely economic indicators.

Finally, Ryan and Charles review a visualization from Visual Capitalist, mapping the growth of house prices by state in 2024.

All links to the articles discussed during this episode can be found on the show notes page: https://letsgroov.com/podcast/industry-new-prioritizing-new-construction-high-housing-inflation-us-house-prices-by-state. 

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This week, Ryan is joined by his regular co-host for industry news episodes, Charles Covey. Together, they dig into some topics in the land development and housing industry.

The episode begins with a discussion on the recent presidential debate. Ryan and Charles analyze the limited focus on housing issues during the debates and share their thoughts on President Biden's statements about addressing housing costs in a potential second term. They explore the implications of proposed policies like rent controls and the overall lack of substantial housing solutions from both political camps.

Next, the conversation shifts to the fluctuating prices in the lumber market. Reflecting on the dramatic price changes from 2020 to 2021, Ryan and Charles discuss the current state of the market, the impact on housing costs, and the importance of letting the free market operate without excessive intervention. They consider the supply and demand dynamics and the potential for plant shutdowns if the market remains unstable.

The episode then explores the evolving landscape of remote work. Drawing insights from a recent CBRE report, Ryan and Charles examine the turnover rates in fully remote companies and the varying office policies among large organizations. They discuss the challenges and benefits of remote and hybrid work models, the future of office space demand, and the innovative approaches companies are taking to make office environments more appealing.

Finally, Ryan and Charles tackle the topic of high new home inventory levels. They break down the latest census data, which suggests that the market for single-family homes might be oversupplied. The hosts provide context by comparing new and existing home inventories and discuss the potential impacts on home building activities and prices.

All links to the articles discussed during this episode can be found on the show notes page: https://letsgroov.com/podcast/industry-new-positive-inflation-reports-timber-building-usage-housing-affordability-ideas. 

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In this episode of The Land Development Podcast, host Ryan Glick welcomes Jonny Bosworth, the Director of Commercial Real Estate at R&R Realty Group. Jonny shares his journey in the real estate world, starting from his family's deep roots in the business to his current role in leading commercial projects.

Jonny discusses the influence of his family's business on his career and the significance of gaining outside experience before joining R&R Realty. He dives into the importance of mentorship and the structured approach his family takes to ensure the company's success through generations. Jonny highlights the value of family council meetings and the continuous education that has been pivotal in maintaining the business's legacy.

The conversation transitions into Jonny's experience in the commercial real estate market, emphasizing the strategic initiatives that have helped R&R Realty thrive. He recounts a notable project with ITA Group, where innovative amenities were incorporated to encourage employees to return to the office, showcasing the forward-thinking approach that distinguishes R&R Realty.

Finally, Jonny provides insights into the future of commercial real estate, reflecting on the ongoing trends and the adaptations necessary to meet market demands. He also shares valuable advice for aspiring real estate professionals, stressing the importance of hard work, creativity, and continuous learning.

Guest Details:
Name: Jonny Bosworth
Role: Director, Commercial Real Estate @ R&R Realty Group

Links: 

• R&R Website: https://www.rrrealty.com/ 
• Jonny’s LinkedIn: https://www.linkedin.com/in/jonny-bosworth-8135001a/ 

The show notes page for this episode can be found at https://letsgroov.com/podcast/overcoming-third-generation-challenges-and-achieving-success-in-real-estate. 

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In this episode of the Land Development Podcast, Ryan Glick and Charles Covey dive into recent inflation reports and the Federal Reserve's latest meeting outcomes. The conversation highlights how these economic indicators are impacting market stability and future predictions for interest rates.

Next, Ryan and Charles explore the rising trend of mass timber buildings. They discuss a recent report revealing that these timber structures are leasing faster and at higher premiums compared to traditional steel and concrete buildings. Charles shares his insights on the sustainability and efficiency of mass timber construction, emphasizing its potential benefits for the development industry.

The episode also covers a comprehensive Harvard University report on the housing affordability crisis. Ryan and Charles examine the significant rise in housing costs, both for renters and homeowners, and the underlying factors contributing to this issue. They dive into the report's findings on how high housing costs are burdening households and what steps need to be taken to address these challenges.

Finally, they discuss potential solutions to the housing shortage and affordability crisis. From regulatory changes to innovative building methods, Ryan and Charles offer their perspectives on how the industry can adapt to meet the growing demand for affordable housing.

All links to the articles discussed during this episode can be found on the show notes page: https://letsgroov.com/podcast/industry-new-positive-inflation-reports-timber-building-usage-housing-affordability-ideas. 

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In this episode of the Land Development Podcast, Jamie Wilson, a land development engineer at AIM Engineering and Surveying, joins the show. Jamie's career path took a turn from legal studies to engineering, and she shares how this transition shaped her professional life.

Jamie dives into the importance of mentorship in the engineering field. While finding good mentors can be challenging, she emphasizes their crucial role in professional growth. Jamie highlights her experiences with mentors, including an attorney who steered her towards engineering and her current engineering manager, who fosters the development of young engineers.

Communication is a key theme in Jamie's discussion about the relationship between land developers and engineering firms. She underscores the importance of clear, consistent communication and setting expectations to ensure successful project outcomes.

The episode wraps up with Jamie addressing some of the biggest challenges in the land development industry, particularly in Southwest Florida. She talks about the impending stormwater rule updates and the significant impact they will have on land development practices. Additionally, Jamie touches on the labor shortages in engineering and related fields, offering insights into how these issues are shaping the industry's future.

Guest Details:
Name: Jamie Wilson
Role: Professional Land Development Engineer @ AIM Engineering and Surveying

Links: 

• AIM Engineering and Surveying Website: https://aimengr.com/ 
• Jamie’s LinkedIn: https://www.linkedin.com/in/jamie-wilson-p-e-cfm-a1a4b9159/ 

The show notes page for this episode can be found at https://letsgroov.com/podcast/insights-into-land-development-from-a-professional-engineer. 

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Welcome back to another episode of the Land Development Podcast. Today, Ryan Glick is joined by Charles Covey to discuss the latest news and trends in the real estate market.

First up, Ryan and Charles analyze a report from The Real Deal on the continuous rise in home prices, noting a 6.5% year-over-year increase in March. They discuss the factors contributing to this trend, including low inventory, rising mortgage rates, and the impact of location on price dynamics. They suggest that the lack of new construction in certain home types and locations plays a significant role in these price hikes.

Next, the conversation shifts to the build-to-rent sector. Ryan and Charles review data from the National Association of Home Builders, highlighting a significant year-over-year increase in single-family build-for-rent starts. They discuss the reasons behind this growth, such as high mortgage rates and changing preferences among millennials who prioritize flexibility over homeownership.

Finally, they delve into the industrial real estate market, citing a Biz Now article about the resurgence of industrial deals due to interest rate stability. Charles explains why industrial properties are attracting investors, emphasizing the sector's strong fundamentals and ongoing demand driven by reshoring and consumer habits.

All links to the articles discussed during this episode can be found on the show notes page: https://letsgroov.com/podcast/industry-news-housing-prices-in-florida-texas-us-court-approves-antitrust-settlements-home-alone-house-for-sale.

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In this episode of The Land Development Podcast, host Ryan Glick sits down with Rane Pearson, the Founder and Broker at Rane Pearson Real Estate. Rane takes us through his journey from a background in corporate tax accounting to becoming a real estate broker in the Dallas-Fort Worth area. He shares how his early career experiences, including an impactful period of cold calling top executives, helped shape his path in the real estate industry.

Rane discusses the significant role that mentorship played in his career, particularly the advice and guidance he received from his father-in-law, a seasoned real estate professional. He emphasizes the importance of honesty, hard work, and building strong relationships in the industry. Rane also highlights how his accounting background has provided a valuable foundation for understanding the financial aspects of land deals and development projects.

Rane also digs into the critical decisions and strategic moves that have contributed to the success of his company, including the complex land deals and development projects he's been involved in.

Finally, Rane offers practical advice for aspiring real estate professionals, stressing the importance of networking, continuous learning, and understanding market dynamics.

Guest Details:
Name: Rane Pearson
Role: Founder & Broker @ Rane Pearson Real Estate

Links: 

• RP Real Estate Website: https://rpretx.com/ 
• Rane’s LinkedIn: https://www.linkedin.com/in/ranepearson/  

The show notes page for this episode can be found at https://letsgroov.com/podcast/building-real-estate-sales-skills-by-networking-with-the-dallas-500. 

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In this episode, host Ryan Glick and industry expert Charles Covey dive into the latest trends shaping the housing market. They begin with a discussion on an article from Fox Business highlighting Redfin CEO Glenn Kelman's prediction that housing prices in Florida and Texas will become more affordable.

Charles brings attention to a surprising statistic: 32% of home buyers paid cash in January, the highest rate since 2014. He explores the reasons behind this surge, such as people selling homes in high-priced areas like California and purchasing more affordable properties in states like Texas and Florida. The conversation also touches on the differences between new and existing home markets, emphasizing how builders can influence interest rates through buy-downs.

Next, they tackle a recent legal development: the approval of a $208 million settlement in a class-action lawsuit against major real estate brokerages. They analyze the potential implications of this decision on real estate commissions and the overall market. While some expect significant changes, Ryan and Charles discuss why they believe the impact might be more modest, focusing on the practical costs of transactions and the possibility of buyers paying their agents directly.

To wrap up, they share a nostalgic story about the iconic Home Alone house in Chicago hitting the market. With a listing price of $5.25 million, this famous property has undergone significant renovations, transforming it into a modern luxury home. Ryan and Charles reminisce about their favorite scenes from the movie and discuss how the updates have changed the look and feel of the house.

All links to the articles discussed during this episode can be found on the show notes page: https://letsgroov.com/podcast/industry-news-housing-prices-in-florida-texas-us-court-approves-antitrust-settlements-home-alone-house-for-sale.

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In this episode of The Land Development Podcast, host Ryan Glick chats with Ray Mazzie, the Managing Partner at Southern Waters Capital. Ray shares his journey from aspiring Navy officer to successful real estate developer, offering a unique perspective on the industry. He dives into the core operations of Southern Waters Capital, explaining their focus on ground-up rental housing development and the strategic approach they employ to navigate different market cycles.

Ray discusses the importance of adaptability in the ever-changing real estate landscape, highlighting their work across various states, including Tennessee, the Carolinas, Georgia, and Florida. He emphasizes the need to understand local markets and the factors influencing investment decisions, providing valuable insights for anyone interested in real estate development.

The conversation also touches on Ray's background, from his days as a college athlete to his transition into law and business school. He explains how his initial career in law helped him develop a solid understanding of real estate and zoning codes, which later became instrumental in his real estate ventures.

Towards the end of the episode, Ray talks about the challenges and rewards of running a dynamic real estate development firm. He shares his approach to maintaining a strong deal pipeline, the importance of client feedback, and the role of teamwork and mentorship in his career.

Guest Details:
Name: Ray Mazzie
Role: Managing Partner @ Southern Waters Capital

Links: 

• Southern Waters Capital Website: https://www.southernwaterscapital.com/ 
• Ray’s LinkedIn: https://www.linkedin.com/in/raymazzie/  
• The Friendship Circle Website: https://friendshipfl.org/

The show notes page for this episode can be found at https://letsgroov.com/podcast/developing-rental-housing-in-multiple-states.

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In this episode of the Land Development Podcast, host Ryan Glick introduces a new format that will alternate between guest interviews and discussions on current events in the real estate industry. Joining Ryan is Charles Covey, an industry expert who has previously appeared on the show. Together, they dive into some of the most pressing headlines affecting the real estate market today.

First, they explore an article from the National Association of Home Builders about housing affordability. With 66.6 million households unable to afford a $250,000 home, Charles and Ryan discuss the underlying issues, including the rising costs of housing and income disparities. Charles sheds light on how smaller, more affordable homes might be the solution and shares insights from his experience in building affordable rentals.

Next, they turn their attention to a story about Fort Worth’s tallest building being sold for just $12.3 million at foreclosure auction. Charles provides his perspective on why this might be an anomaly and what it could mean for the future of office spaces. They discuss the challenges of converting office buildings into residential spaces and the potential impacts of shifting work patterns post-COVID.

Finally, they dive into an article discussing the potential for 1970s-style stagflation in the current economy. Ryan and Charles examine the factors that could lead to stagflation, its implications for the real estate market, and why today’s economic environment differs from the 1970s. Charles emphasizes the importance of understanding economic trends and how they influence real estate investments.

The show notes page for this episode can be found at https://letsgroov.com/podcast/industry-news-home-affordability-challenges-burnett-plaza-purchase-possibility-of-stagflation.