Dear BAG Clients and Friends,

As we approach the end of 2024, the U.S. homebuilding industry is experiencing one of its most dynamic periods in recent history. The combination of notable M&A activity, proactive market share strategies by public builders, and growing international investment suggests that the landscape may continue to evolve rapidly. For private builders, the challenges of competing in this environment may push more to consider selling, especially as public builders leverage their strategic advantages to consolidate their positions.

"When things are going great, that's the time to sell.” - Tony Avila, CEO, Builder Advisor Group (BAG)

Builder Advisor Group is dedicated to providing M&A and capital raising solutions to homebuilders, delivering tailored strategies that aim to maximize the value of our client's business. BAG personnel have advised on 100+ M&A transactions since 1996 and raised more than $20 billion for builders and developers.

Builder Advisor Group (BAG) and Avila Real Estate Capital (AREC) team members are attending the following upcoming conferences:

• 10/28 - 10/30 - The Builder's Daily: Focus on Excellence in Austin, TX
• 10/28 - 10/30 - ULI: Fall Meeting in Las Vegas, NV
• 10/29 - JBREC: The 2025 Housing Market Outlook in New York, NY

BAG and AREC are hosting dinners, lunches, and private meetings at each of these events. We would be pleased to sit down with you in person. Please reach out if you’re interested in having a confidential conversation about raising capital or selling your company.