Labor, lumber, supply chain are key factors, according to the NAHB/Wells Fargo Housing Opportunity Index.

The company has signed a letter of intent with an institutional real estate investor for the sale and leaseback of four properties.

The REIT has secured long-term leases with two biotech companies to fully lease-up its development, which is slated for completion in Q2 2023.

A very tight supply of single-family home sales inventory will continue to drive pricing.