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Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. During the pandemic housing boom, homebuilders saw their number of unsold completed new builds dry up as overheated demand quickly absorbed almost everything for sale. That is exactly what was experienced by D.R. Horton, America’s largest homebuilder, which had just 600 unsold completed new builds for sale in fiscal Q2 2022—compared to 4,700 in its fiscal Q2 2020. However, as the pandemic housing boom ended and the market shifted, U.S. homebuilders saw their unsold new builds spike back up. At the end of its fiscal Q2 2025—the three months ending Ma…

News that Microsoft was reportedly planning to pause its carbon removal purchases has rocked the still-nascent carbon removal industry. The company helped drive the market: In fiscal year 2025 alone, it made deals with 21 companies around the world to remove a record 45 million tons of CO2. Those deals included new contracts with companies like Re.green, which is restoring a swath of the Amazon rainforest, and Vaulted, which removes carbon by burying organic waste. Last month, it added a contract with Liferaft, a company making biochar from agricultural waste in the Midwest. The industry uses a wide range of technologies to tackle one part of the climate challenge: at…

In 2024, JPMorgan Chase applied to receive financial assistance from Rockland County, New York, in order to expand a data center in Orangeburg, a hamlet of under 4,300 people. The development agency approved the assistance, which totaled nearly $77 million in state and local tax breaks for the project. In return, documents show, the company said the expansion would create just one full-time job. Now, government accountability group Reinvent Albany has called out the deal as “the largest government subsidy ever recorded within the United States,” prompting questions about how much public money goes to projects that don’t create meaningful jobs for communities. …