San Francisco Bay Area's biggest developer files to go public Five Point Holdings LLC, the megadeveloper spin-off of Lennar Corp., has filed to go public. The Aliso Viejo-based developer is building the second phase of the San Francisco Shipyard and Candlestick Point, totaling 12,000 homes, as well as the 21,500-home Newhall Ranch project and 9,500-home Great Park Neighborhood in Southern California. (San Francisco Business Times)
Builders going public? Check! Interest rates going up? Check! Builder is about to double housing inventory in San Francisco? Check! Buyers going nuts because San Francisco real estate "never goes down"? Check! Boys...I think we may have spotted a top! Any of you that have been here a while, remember this thread? Might be time to start part 3 https://elitetrader.com/et/threads/housing-rolling-along-2.44410/