Building the Bottlenecks: The Impact of Homebuilder Consolidation

Wed, Oct 29, 2025 | 3:00 pm ET

On Wednesday, October 29 at 3:00 p.m. ET, The Capitol Forum will host Steven Xiao, Associate Professor of Finance at the University of Texas at Dallas Naveen Jindal School of Management, and Zheng Liu, Ph.D. Candidate at the same institution, for a discussion with Teddy Downey, Executive Editor of The Capitol Forum.

They’ll explore findings from their paper “Building the Bottlenecks: The Impact of Homebuilder Consolidation,” which examines how rising concentration in the U.S. homebuilding industry is shaping housing supply, pricing, and market resilience.

Join us to learn more about:

  • How consolidation among major homebuilders is reshaping local housing markets.

  • Evidence that mergers reduce new-home supply, raise prices, and lower construction quality.

  • Broader implications for competition, community resilience, and housing policy.

If you need assistance accessing the link, please email info@thecapitolforum-news.com.

Speakers:

Steven Xiao

Associate Professor of Finance at the University of Texas at Dallas Naveen Jindal School of Management

Zheng Liu

Ph.D. Candidate at the University of Texas at Dallas Naveen Jindal School of Management

Teddy Downey

Executive Editor, The Capitol Forum

Reserve your spot today!