Homebuilders Making a Land Grab
OtherAs the housing market heats up, home builders are going after open land. The nation’s four largest builders — Lennar, Pulte Group, D.R. Horton, and KB Home — spent between $500 million to $1 billion each buying land the past year. However, one of the most aggressive property buyers has been Standard Pacific, ranked 13th largest homebuilder in the nation. It snatched up $711 million in empty lots and undeveloped land last year — nearly the $785 million that D.R. […]
