Exceptionally strong housing demand in the U.S. has large homebuilders in the driver's seat and smaller builders ripe for takeover.
Whelan says she alone has four more set to close by year end, and there could be more from others.
The surge is the result of still-growing housing demand that reignited at the start of the pandemic thanks to record low mortgage rates and sudden new migration.
But mortgage rates also caused a historic housing shortage.
That dynamic, sometimes called the mortgage rate lock-in effect, has exacerbated the housing shortage.
Persons:
Margaret Whelan, Whelan
Locations:
U.S