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Navigating Supply Constraints and Market Dynamics in the Housing Industry
The chapter explores the impact of supply constraints on the housing market, including the rise in cash purchases and the shift towards new construction due to deteriorating existing homes. It discusses changes in home prices, strategies to target different buyer segments like wealthier 35-year-olds, and the company's focus on affordable luxury homes. Additionally, it delves into the importance of innovation, company culture, and dealing with business challenges in a competitive market.