CalAtlantic Homes

  • BIASC - Staff posted an article
    The Top 20 Most Trusted Homebuilders in America see more

    BIASC Members Make the List of the Top 20 Most Trusted Homebuilders in America

     

    According to the results from the 2017 America’s Most Trusted® Home Builder Study by  Lifestory Research, Building Industry Association of Southern California, Inc. (BIASC) members, Taylor Morrison, Richmond American, Khovnanian Homes, Toll Brothers, Shea Homes, William Lyon Homes, CalAtlantic Homes, TriPointe Homes, Meritage Homes, Lennar, Beazer Homes, D.R. Horton, Pulte Homes, and KB Home, have made the list of the Top 20 Most Trusted Homebuilders in America.

     

    After tabulating the opinions of home shoppers and identifying the home builder that is trusted the most among the nation’s largest builders, Taylor Morrison take the top spot on the list. This is the second consecutive year in which Taylor Morrison has been identified among home shoppers as being the home builder they trust the most among the nation’s largest builders.

     

    “Relationships and trust are the foundation of success for any business,” said Taylor Morrison President and CEO Sheryl Palmer, whose company was also ranked No. 1 in last year’s study. “Every day we strive to provide our customers with the resources and support to help them make an educated decision about their most important investment.”

     

    Taylor Morrison operates in 16 regional markets across nine states – Arizona, California, Colorado, Florida, Georgia, Illinois, N. Carolina, S. Carolina and Texas – and closed more than 6,300 homes in 2015.

     

    The study, based on 31,764 consumer opinions, tracks how trust impacts consumers’ evaluations of home builder brands. Consumer opinions are collected over the course of the prior 12 months in the largest home building markets in the United States. To qualify to participate in the study, participants must have indicated that they were aware of specific brands and actively shopping for a new home.

     

    See the table below for Lifestory Research’s full top 20 rankings.

     

    Rank

            National Home Builder

    Index Score

     

    1 Taylor Morrison 115.4
    2 Richmond American 113.7
    3 Khovnanian Homes 113.2
    4 Toll Brothers 113.1
    5 Shea Homes 112.9
    6 Ashton Woods 112.8
    7 William Lyon Homes 112.6
    8 David Weekley Homes 112
    9 CalAtlantic Homes 112
    10 TriPointe Homes 111.5
    11 LGI Homes 111.2
    12 Meritage Homes 111
    13 M/I Homes 110.4
    14 Century Communities 109.5
    15 Lennar 108.9
    16 Beazer Homes 108.3
    17 D.R. Horton 107.8
    18 Pulte Homes 107.6
    19 Ryan Homes 107.6
    20 KB Home 103.3
  • BIASC - Staff posted an article
    Meet CBIA’S 2017 Leadership Team see more

    The California Building Industry Association, the voice of housing in California, is pleased to introduce its 2017 Board of Directors’ leadership team.

    “2016 was an exceptional year for CBIA and we have a talented and committed leadership team to continue our success in 2017.” said CBIA CEO & President Dave Cogdill.  “Housing affordability is the top issue facing Californians today and these individuals are strongly committed to continue to fight to ensure that the homebuilding and development industry can provide affordable housing to all of California while serving as one of the top jobs producers in the state.”

    Jeff Pemstein, Division President for Homes by Towne was elected to serve as CBIA’s 2017 Chair. Pemstein served as Vice Chair in 2016, has served as Area 14-National Area Chair for the National Association of Home Builders, Chair of North State BIA,  and as an active board member. For a full bio and photo please click here.

    Serving with Pemstein as Vice-Chair is Michael Battaglia, Vice President Project Development  at CalAtlantic Homes. Battaglia served last year as CBIA’s Government Affairs Vice Chair and previously served as President of BIA Southern California, Chair of BIASC’s Political Action Committee, and President of Los Angeles County East Chapter of BIASC, and has been active on a variety of board committees. For a full bio and photo please click here.

    Chris Austin, Managing Partner at Development Planning and Financial Group, returns as CBIA’s Chief Financial Officer and Secretary.  Austin has served as CBIA CFO since 2012. For a full bio and photo please click here.

    CBIA President & CEO Dave Cogdill rounds out CBIA’s officers. Cogdill joined CBIA in 2013 after serving as Stanislaus County Assessor from 2011-13. Prior to that Cogdill served in both the State Senate and Assembly including as Senate Republican Leader. For a full bio and photo please click here.

    CBIA is looking forward to a strong leadership team and the opportunities 2017 will bring.

  • BIASC - Staff posted an article
    BIASC’s 2016 BIS Focuses on Education and Culminates by Thanking its Leadership and Members see more

    BIASC.org--Nov 9 and 10, 2016--Riverside,CA--The Building Industry Show (BIS), which was on Wednesday, November 9 and Thursday November 10 at the Riverside Convention Center by the Building Industry Association of Southern California, Inc. (BIASC), “Started the Conversation” by turning its focus towards education.

     

    More than 1,500 attendees came to this year’s show not just to mingle with builders, catch up with professionals in the building industry, and discuss new job prospects, but to also participate in the show’s new format that sought to engage attendees with informative discussions.

     

    This year the show evolved to do more than provide a place for building industry professionals to catch up with colleagues and discuss new job prospects. BIS included insightful Pop-Up Education presentations that covered a range of topics from discussions of how mobile apps are transforming home building; what you need to know about solar: code requirements to future trends; advanced framing techniques; minimizing costs & increasing efficiency; CEU workshops; to design trends for 2017 among other topics.

     

    The goal was to get BIASC members potential answers to these issues such as the skilled labor shortage that BIS addressed during its first ever Skilled Labor Brain Trust, which connected the employers with the educators of potential employees. The Skilled Labor Brain Trust panel discussion was one of the many rich programs that were included in the price of the show floor pass.

     

    Program organizers, the instructors that train the future skilled labor workforce, and the Building Industry Panelist made up of Thomas Steele, HCI; Tanner Schamber, Schamber Electric; and Bruce Wick, OSHA, were all a part of the education-driven discussion panel.

     

    The topics discussed by the dynamic panel during the event included the current and future needs of employers in the industry, the current training programs, and how to connect graduates with employment.

     

    The Building Industry Show Floor culminated Thursday evening with an award ceremony to honor and recognize BIASC’s hard working leadership and dedicated members.

     

    BIASC wishes to extend another congratulation to the following winners which were announced at the 2016 Installation and Award Ceremony Thursday evening after the Building Industry Show Floor closed.

     

    Volunteer of the Year, Greater Sales and Marketing Council: Melissa Auten, Fisher & Paykel

    Volunteer of the Year, Union Contractors Council: Rick Parker, Conco Cement

    Volunteer of the Year, BIASC LA Ventura Chapter: Taleen Mason, Geocon West, Inc.

    Volunteer of the Year, BIASC Orange County Chapter: Alan Boudreau, Boudreau Pipeline

    Volunteer of the Year, BIASC Baldy View Chapter: Ryan Combe, Lennar Homes

    Volunteer of the Year, BIASC Riverside Chapter: Charles Hunt, Primera

    Volunteer of the Year, BILD Foundation: Mary Lynn Coffee, Nossaman LLP

    Volunteer of the Year, 55+ Housing Council: Linda Howard, Linda Howard Interior Designs

    Individual Achievement Award, Local Government Affairs: Scott Ouellette, Williams Homes

    Individual Achievement Award, Community Involvement: John Lavendar, Lennar Homes

    Lifetime Service Award: Jonathan Weldy, Meridian Land Development Company

    2016 Builder of the Year: Tom Grable, TRI Pointe Homes

    President’s Award: Norm Witt, Cook Hill Properties and Valerie Hardman, Outdoor Dimensions

     

    BIASC would also like to congratulate the newly installed 2017 BIASC Governing Board who were also announced during the 2016 Installation and Award Ceremony Thursday evening after the Building Industry Show Floor closed.

     

    BIASC President: Peter Vanek, Meritage Homes

    BIASC Vice President: Tom Grable, TRI Pointe Homes

    BIASC Vice President: Mike Gartlan, KB Home

    BIASC Secretary/Treasurer: Alan Boudreau, Boudreau Pipeline Corp.

    Immediate Past President: Michael Battaglia, CalAtlantic Homes

     

    Builders at Large:

    Greg McWilliams, FivePoint

    Howard Press, Watt Communities

    Bob Yoder, Shea Homes

    Erren O’Leary, Lewis Management Corp.

    Mark Torres, Lennar

    Paul Hernandez, Irvine Company

    Jonathan Weldy, Meridian Land Development

    Dave Bartlett, Brookfield Homes

     

    Associates at Large:                                                                                

    Charles Gale, Metropolitan Water District

    Harry Crowell, AmTrust Surety

    Randy Richards, Reliable Wholesale Lumber

     

    Chapter Immediate Past Presidents:                                                      

    Ali Sahabi, Optimum Group (Baldy View Chapter)                                  

    Glen Longarini, KB Home (Los Angeles/Ventura Chapter)                      

    Jim Yates, Rancho Mission Viejo (Orange County Chapter)                    

    Leonard Miller, Richmond American Homes (Riverside Chapter)

     

    Representative to Councils: Valerie Hardman, Outdoor Dimensions

     

    Representative to CBIA: Wes Keusder, Keusder Homes

     

    BIASC CEO: Mike Balsamo

     

    ***

    About the Building Industry Association of Southern California, Inc.:

    BIASC is a cohesive nonprofit trade association organized into chapters and councils that represents the building industry throughout the counties of Ventura, Los Angeles, Orange, Riverside, and San Bernardino.  Members of BIASC are active in all aspects of the building, including land development; homebuilding, multi-family and commercial development as well as infrastructure; our membership includes architects, engineers, planners, contractors, suppliers, property owners, subcontractors and associated professionals throughout Southern California.

    BIASC is a full-service organization providing legislative advocacy, educational programming, labor relations, networking and community relations. The association objective is to promote a positive business environment for the building industry. http://www.biasc.org/

  • BIASC - Staff posted an article
    Congratulations to BIASC's Builder of the Year, Tom Grable from TRI Pointe Homes see more

    Annually, the Chapters and the Regional Office culminate the year by celebrating at our Awards and Installation Dinner.  We will be expressing our gratitude to outgoing BIASC President Michael Battaglia from CalAtlantic Homes, installing Peter Vanek from Meritage Homes as 2017 BIASC President and presenting the 2016 Builder of the Year to Tom Grable from TRI Pointe Homes.

     

    The Cool Product Awards and an awards ceremony, where various professionals will be recognized for their achievements in the building industry, will also accompany the BIASC Installation Ceremony. One award, presented on behalf of the Building Industry Legal Defense Foundation (BILD), will recognize Mary Lynn K. Coffee, Esq from Nossaman LLP, as the BILD Volunteer of the Year.

     

    This year is particularly special because it marks the “50th” year that BIA Southern California has been serving the incredible members of our Association!  Our “50th Annual Awards” and Installation Dinner will take place at the Building Industry Show (BIS) Thursday, November 10th at the Riverside Convention Center.

     

    The Building Industry Show will also be featuring new Pop-Up Education sessions which come included in your BIS Floor Pass. This year we are Starting the Conversation by getting our members’ potential answers to key issues that they may face in the industry. We want to stimulate dialogue with advice from informed experts and responses to new products throughout the course of the show.

     

    The 2016 Building Industry Show will take place on Wednesday, November 9th and Thursday, November 10th, 2016 at the Riverside Convention Center.

     

    Register for the show by clicking here.

     

  • BIASC - Staff posted an article
    Kennedy Wilson to host fundraiser featuring Pat Monahan of Train to help HomeAid LA. see more

    Kennedy Wilson to host fundraiser featuring Pat Monahan of Train to help the nonprofit start build housing to serve homeless throughout LA County

     

    LOS ANGELES, Sept. 22, 2016 /PRNewswire/ -- With an estimated 50,000 people living on the streets, Los Angeles has an epidemic homeless problem. HomeAid, the building industry's leading charity in the fight against homelessness, responded to this challenge in July by establishing a new LA Chapter.  Now a major fundraiser is being planned on October 13th at the Beverly Hills headquarters of Kennedy Wilson, a leading global real estate firm and parent company of Meyers Research, the Presenting Sponsor for the event. The event will feature a special performance by Pat Monahan, lead singer of the group Train.  Other sponsors already committed to the event are Etco Homes (Platinum Sponsor), Wells Fargo (Beverage Sponsor), Bank of America and Fidelity National Title (Gold Sponsors), and Silver Sponsors Brookfield Residential, Caliber Home Loans, Fuscoe Engineering, and Williams Homes.

     

    HomeAid America, a national non-profit provider of housing for homeless families and individuals for 27 years, had previously built housing for the homeless in Los Angeles and Ventura counties in the early 2000's.  "We are thrilled to be back in business in L.A. helping homeless families and individuals on behalf of the building industry," said Peter Simons, CEO of HomeAid America. "HomeAid has a long history and successful track record of enabling the building industry to give back effectively to local communities by building and rehabilitating housing for organizations helping families and individuals experiencing homelessness."

     

    HomeAid identifies charities and care providers working to help homeless families and individuals that are in need of additional or upgraded facilities in which to house people while they offer needed programmatic resources, such as job and life skills training, financial counseling, and physical and emotional support. HomeAid members, builders and others in the building industry, take on these projects, often completing them at a deep discount through the generosity of their trade partners, suppliers and others who give their time and materials as in-kind donations.

     

    HomeAid LA has been established in partnership with the Building Industry Association of Southern California—Los Angeles/Ventura Chapter, with seed funding from the Lennar Charitable Housing Foundation and HomeAid America. HomeAid LA is run under the direction of a local board of directors, chaired by Sandra Stewart, a partner at the Cox Castle Nicholson law firm and includes executives from powerhouse industry players such as Lennar Homes, CalAtlantic HomesShea Homes, Brookfield Residential, TRI Pointe/Pardee Homes, Etco Homes, Bank of America, Wells Fargo, Fidelity Title Group, Kennedy Wilson/Meyers Research, and others. HomeAid LA will use proceeds of the October 13th fundraiser to begin the construction and renovation of housing for homeless organizations in LA County. The chapter already has a number of projects in the pipeline.

     

    About HomeAid America

     

    HomeAid is a leading national non-profit provider of housing for homeless families and individuals. Through its networking of 17 Chapters in 12 States, HomeAid has completed over 450 housing projects nationwide at a value of more than $210 Million, of which close to 50% has been donated.  Nearly 250,000 people have been provided shelter by HomeAid Chapters over the past 27 years.  HomeAid currently has over 50 additional projects in development across the country.

     

    For more information about HomeAid, call 1‑888‑3HOMEAID or visit www.homeaid.org. For more information about HomeAid LA, visit www.homeaidla.org. Click here to read the original press release.

  • BIASC - Staff posted an article
    CalAtlantic Homes (CAA) Marks One Year Anniversary By Ringing The Closing Bell At New York Stock Exc see more

    IRVINE, Calif. and ARLINGTON, Va., Sept. 9, 2016 /PRNewswire/ -- CalAtlantic Homes (NYSE: CAA), one of the nation's largest homebuilders, will visit the New York Stock Exchange (NYSE) on Monday, September 12 to commemorate the one year anniversary of the company's founding through the monumental merger of homebuilders Standard Pacific and Ryland. In honor of the occasion, the company's executive team will ring the NYSE Closing Bell® at 4:00 p.m. ET.

     

    "The one year anniversary represents an important milestone for CalAtlantic and it is a tremendous honor to celebrate this historic event by ringing The Closing Bell® at the New York Stock Exchange," said Larry Nicholson, CEO and President of CalAtlantic Homes. "I am grateful to the employees of CalAtlantic for their hard work and dedication who made this past year such a success."

     

    A live webcast of The Closing Bell will be available beginning at 3:59 p.m. ET at https://www.nyse.com/bell.

     

    About CalAtlantic Homes

     

    CalAtlantic Group, Inc. (NYSE: CAA), a combination of Standard Pacific Corp. and Ryland Group, Inc., two of the nation's largest and most respected homebuilders, offers well-crafted homes in thoughtfully designed communities that meet the desires of customers across the homebuilding spectrum, from entry level to luxury, in 41 metropolitan statistical areas spanning 17 states. With a trusted reputation for quality craftsmanship, an outstanding customer experience and exceptional architectural design earned over its 50-year history, CalAtlantic Group, Inc. utilizes its over five decades of land acquisition, development and homebuilding expertise to acquire and build desirable communities in locations that meet the high expectations of the company's homebuyers. We invite you to learn more about us by visiting www.calatlantichomes.com.

  • BIASC - Staff posted an article
    BIASC names Michael Balsamo as the new CEO. see more

    IRVINE, Calif., July 20, 2016 /PRNewswire-USNewswire/ – The Building Industry Association of Southern California, Inc. (BIASC) is pleased to announce Michael Balsamo as the new Chief Executive Officer for the regional office effective July 18, 2016.

     

    Balsamo, whose previous role was with the BIA as the Executive Officer for the Orange County Chapter (BIAOC), has more than 20 years of experience in land use planning and real estate development in both the public and private sectors.

     

    Mr. Balsamo is a long-time resident of Orange County and graduate of  UC Irvine where he studied both Political Science and Environmental Science. Mike gained experience as a land use planner for the cities of Irvine and Lake Forest following his graduation and has made it his mission to champion building as the foundation of vibrant and sustainable communities.

     

    "Mike's command of issues affecting the [building] industry is key to his leadership of our organization. His keen intellect and wealth of relationships both in the public and private sector make him an excellent advocate for the development community. We are fortunate to have him as our CEO," said Michael Battaglia, BIASC 2016 Board President of CalAtlantic Homes.

     

    "Given the severe housing challenges in our state, it is reassuring to elected officials like myself, that a leader of Mike's caliber is at the helm at BIASC," said Assembly Member Tom Daly.

     

    Lucy Dunn, CEO and President of the Orange County Business Council went on to say that, "Mike has demonstrated great leadership over a long period of time in the public policy arena, BIASC has chosen the right man for the job."

     

    BIASC's new CEO's experience also includes working as a consultant to Irvine Company, Retail Properties Division as a project manager for numerous shopping center developments on the Irvine Ranch, serving as a project manager for Lennar Homes, and serving as the Manager of OC Planning at Orange County Public Works in Santa Ana.

     

    Mike Balsamo will continue to work from BIASC's principle office in Irvine, CA.

     

    About the Building Industry Association of Southern California, Inc.:

     

    BIASC is a full service organization providing legislative advocacy, educational programming, labor relations, networking and community relations. The association objective is to promote a positive business environment for the building industry.http://www.biasc.org/

     

    Click here to see the original press release.

  • BIASC - Staff posted an article
    BIA –LAV and HomeAid America has announced a new LA Chapter. see more

    A Los Angeles Chapter of HomeAid America, a national non-profit provider of housing for homeless families and individuals for 27 years, has been established in partnership with the Building Industry Association of Southern California—Los Angeles/Ventura Chapter (BIA –LAV), with whom HomeAid LA will share offices. BIA-LAV CEO Tim Piasky agrees the timing is good.

     

    "There is a great need to address now the rising homeless population in L.A., and the building industry wants to give back to our community by doing what we do best: build housing. We are proud to support HomeAid LA and look forward to uniting our efforts to build housing for care providers helping those experiencing homelessness in our region," he says.

     

    It is estimated that 50,000 people are living on the streets of Los Angeles. The mayor recently declared a state of emergency, and the city government continues to pursue various approaches to try to stem the tide. This makes it an opportune time for the building industry's leading charity fighting homelessness to join the effort.

     

    "We are thrilled to be active in L.A. helping homeless families and individuals on behalf of the building industry," says Peter Simons, CEO of HomeAid America. "HomeAid has a long history and successful track record of enabling the building industry to give back effectively to local communities by building and rehabilitating housing for organizations helping families and individuals experiencing homelessness. HomeAid has been active in Southern California since its creation in 1989 and has created thousands of new beds for charities working in this area."

     

    The HomeAid LA Chapter will be operated locally under the direction of a local board of directors, chaired initially by Sandra Stewart, a partner at the Cox Castle Nicholson law firm. HomeAid LA's Board of Directors includes executives from powerhouse industry players such as KB Home, Lennar Homes, CalAtlantic Homes, Shea Homes, Brookfield Residential, TRI Pointe/Pardee Homes, Bank of America, Wells Fargo, Fidelity Title Group, Kennedy Wilson/Meyers Research, and others. HomeAid LA is receiving its initial financial support from funding from HomeAid America and a grant from the Lennar Charitable Housing Foundation.

  • BIASC - Staff posted an article
    BIASC's President shared some insight at the OC Water Summit in Costa Mesa on May 20, 2016. see more

    The Building Industry Association of Southern California’s (BIASC) President and Vice President Project Development of CalAtlantic Homes, Michael Battaglia, spoke at the 9th annual Orange County Water Summit on Friday May 20, 2016. The Summit was hosted by the Orange County Water District, Municipal Water District of Orange County and Disneyland Resort. Sponsors of the event also included Rutan & Tucker, Metropolitan Water District, and Southern California Gas Company.

     

    The event, which serves as an innovative, interactive forum that joins business professionals, elected officials, water industry stakeholders and community leaders from throughout California, was held at The Westin South Coast Plaza in Costa Mesa. The Orange County Water Summit raised discussion on water supply challenges, policy issues, and other topics impacting our economic and future supply health.

     

    BIASC president, Battaglia, was quoted at the summit explaining how “home building contributes $38 million to state's economy,” and that “homebuilders are [also] early adopters of drought-fighting tech.”

     

    The Orange County Water Summit serves a purpose to bring together academics, business professionals, elected officials and water industry representatives to talk about water issues, projects and emerging technologies in a dynamic forum atmosphere.

     

    Attendees were able to learn about the Orange County projects that will provide shelter from the El Nino storms predicted by water agencies across the county to come. The summit also highlighted the changing laws and the lessons learned from businesses that are harvesting profits despite the shifting landscape.

     

  • BIASC - Staff posted an article
    BIASC members kick off Essentials Drive with the 2nd Annual Builders 4 Babies event. see more

    HomeAid Orange County's Essential Drive Campaign kicked off with a huge success at the 2nd Annual Builders 4 Babies event Friday, April 29 underneath the Big "A" at the Angels Stadium of Anaheim. Building Industry Association of Southern California members came together to help collect diaper donations, and other essential items, for homeless babies in southern California.

     

    BIASC members, Lennar, Brookfield Residential, Toll Brothers, Shea Homes, William Lyon Homes, the New Home Company, Reliable Wholesale Lumber, and CalAtlantic Homes all participated in the event by collecting donated diapers and building elaborate houses out of the boxes.

     

    “This is a fun way to raise awareness about the need for diapers,” said Dave Prolo, vice president of operations for Southern California Cal Atlantic homes.

     

    HomeAid OC’s goal this year is to collect more than 1 million diapers to be donated to 19 homeless shelters and facilities in Orange County before Mother's Day. Last year, the organization took in 1.8 million diapers.

     

    “Not many people are aware of how important and expensive diapers are,” Scott Larson, executive director of HomeAid OC, said. “The average cost of diapers for a family is $100 a month. So, for some low-income families, they have to make a serious economic decision – food or diapers.”

     

    Because diapers are considered a hygiene item, federal economic assistance programs, such as WIC, do not cover the cost. For more information about HomeAid OC's Essentials Drive go to homeaidessentials.org. To read the full Orange County Register article about the Builders 4 Babies event click here.

     

    Click here for more photos from the Builders 4 Babies event.

  • Jasmine Lowe posted an article
    CalAtlantic Homes Honored with Highly Coveted Builder of the Year by Home Builders Association. see more

    On Saturday, April 2, the Home Builders Association (HBA) of Greater Austin awarded CalAtlantic Homes with the Grand MAX Large Volume Builder of the Year Award for the second consecutive year at their annual Marketing and Advertising Excellence (MAX) Awards and Gala. Continuing the legacies of Ryland and Standard Pacific, CalAtlantic Homes, one of the nation's largest homebuilders, was formed through the merger of two industry icons on October 1, 2015. CalAtlantic is now building in 30 communities throughout the greater Austin area ranging from entry level to luxury communities.

     

    "We are extremely honored to be named as Builder of the Year by the Home Builders Association of Greater Austin for the second year in a row," said April Solimine, Vice President of Sales and Marketing for CalAtlantic Homes in Austin. "We strive to design homes that blend sophistication and flexible design for buyers of all lifestyles. This award acknowledges that we are achieving our goal of providing the utmost in home choice, quality and value — all created with our longstanding tradition of excellence in design and craftsmanship."

     

    The MAX Awards is presented by the HBA of Greater Austin, which is made up of more than 750 home building industry firms. Since 1953, the Home Builders Association (HBA) of Greater Austin has served as the leading not-for-profit trade organization dedicated to residential construction and remodeling in Central Texas. The HBA works with government, public, business and community organizations in six counties – Bastrop, Caldwell, Hays, Lee, Travis and Williamson – to protect every family's right to home ownership.