Dive Brief:

• It's not necessary to err on the side of excess in keeping an inventory of building lots if you make it the job of someone on the staff to keep tabs on what others are offering.
• Frequently, an increase in need for buildable lots can be handled by inventory that others are looking to move out of their portfolios as their situations change.
• Economic uncertainty persists in home building, and that creates opportunities for sales or partnerships that can benefit those who have excess lots and those who do not have enough.

Dive Insight:

The takeaway is that it is better to have someone who's versed on the state of land supply and demand in your market all the time so there does not have to be a scramble when a need for more lots appears in your operation.