CEO of this $4 billion homebuilder says Sun Belt new home prices are down more than headlines suggest

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Doug Bauer, CEO of Tri Pointe Homes—America’s 19th largest homebuilder—thinks the phrase “affordability” gets overused. “It’s a catchy term,” Bauer tells ResiClub. “You pull it up in ChatGPT or Webster’s dictionary, it’s what one person could afford to pay for that good or service, and everybody’s a little different.” Tri Pointe skews toward move-up buyers, he says, and his…