Industry News: HUD Budget Cuts, Self-Storage Rent Stabilizing, North Texas Housing Growth, and Concerns Over Tariffs
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Episode Overview
In this episode of The Land Development Podcast, Ryan Glick and co-host Charles Covey dive into the latest real estate and development news shaping the industry. They kick off with a discussion on the HUD budget cuts under the current administration, breaking down what these changes mean for funding, government spending, and the future of housing initiatives.
Next, they tackle the ongoing debate around corporate real estate ownership, particularly in the single-family housing market. With big players like BlackRock frequently mentioned in discussions, Ryan and Charles bring clarity to the real numbers behind institutional ownership and whether it’s truly impacting affordability.
The conversation then shifts to the self-storage industry, which has seen a slowdown after years of rapid growth. Charles shares insights into how this sector has performed historically, why some investors are pulling back, and what’s next for self-storage development. They also explore the rapid housing growth in North Texas, particularly in Collin County, and discuss the gap in middle-market housing that needs to be addressed.
Finally, they close out the episode by discussing looming tariffs on steel and aluminum and their potential impact on home construction. While some fear rising costs and slower development, Charles shares why he believes these concerns may be overblown in certain markets. Tune in for a well-rounded discussion on the latest trends shaping land development today.