A REWI investor purchased a single-family property in Fort Lauderdale with the intention of tearing down the existing structure and developing a new construction home. The investor sourced the opportunity through a REWI Deal Finder and obtained both the lot acquisition financing and new construction funding through REWI. The project has now progressed to contract with an end buyer, who has agreed to purchase the completed property for $1.4 million.

Pain at the pump for new home buyers: Owners of newly built homes commute 10%–15% longer than the average homeowner, which means higher transportation costs when gas prices spike. Gas prices are weighing on consumer confidence: Builders and agents in our surveys flag high fuel costs as a fresh headwind on top of already-poor consumer sentiment. Sunbelt and exurban markets most exposed: Affordability-driven markets like Stockton, Greeley, Tampa, and Dallas show the largest commute-time gaps...

Greater Phoenix saw single-family closed home sales rise 4.7% in April year over year. Compared to national existing-home sales, which declined 1% year over year, the Metro Phoenix housing market closed sales activity was significantly stronger. Despite the positive closed sales results, weaker pending sales numbers point to potential challenges in the months ahead. While closed sales rose, the number of pending sales dropped 31.5% in April compared to April 2025. Through the first four...