ABSTRACT
Homebuilders buy and sell land as well as developing it, with some holding land banks (parcels of land held for future sale or development) to influence supply and demand. Most homebuilders are sometimes seen as developing at a minimum rate to maintain prices, knowing that too many homes coming on to the market in a particular location at one time could lower the purchase price. Some homebuilders consider that offering many variations in the design of their homes could confuse potential buyers and make them less likely to buy. Some homebuilders create high-quality homes and neighbourhoods, others do not. Smaller homebuilders and developers, including self-builders operating in a local market, can introduce innovation and deliver high quality, although again some may not. As homebuilders recognise the importance of design quality, making schemes valuable and contributing locally, the design approach of some larger homebuilders has improved significantly.
