West Coast markets are tighter than the national average due to long lead times in securing entitlements and high barriers to entry…homebuyer demand can return to the market more quickly than lot supply.

If you’re a Division President and you’re community count is down, now is a great time to secure future deliveries that will support your business plan in 2025 and beyond…

-Seattle’s Lot Supply Index (LSI) is at 33.7 is down 26% YOY and is ranked one of the lowest in the US.

-NAHB survey data indicates that builders remain concerned about land and lot availability in 2025, and the implications could contribute to lower construction activity in the medium term.

-Even in 2024, Zonda’s declining LSI indicates that the pace of new construction is outpacing the rate at which vacant developed lots are coming online. Zonda’s LSIsuggests that total upcoming lots—expected to be delivered in the next 12 to 18 months—have declined in recent quarters, with nearly three-fifths of upcoming lots being excavated.

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