As the Marshall Fire, the most destructive fire in Colorado history, tore through Boulder County last month, those of us who are homebuilders in the area watched anxiously to see what would become of our customers and houses. Some of our homes are in Superior, which is located in the prairie where I never would have expected fire to strike, yet the blaze decimated much of the area. While many of the homes adjacent to our structures were destroyed, somehow ours were spared.
milehightraveler | Getty Images
As I looked at the pictures of the surrounding devastation, and our own homes standing with hardly a scratch, I was filled with gratitude, sadness and a host of questions. How much of our resilience was due to luck and how much was due to our building practices, which are centered on ensuring the health and safety of occupants? Equally as important: When will disaster strike again, and where? Is any locality safe from climate-driven destruction? And how can we brace against it?
To be sure, the incidence of severe weather is accelerating due to climate change. In 2020, the U.S. suffered a staggering 22 natural disasters that caused at least a billion dollars in damage, surpassing the previous record of 16 set in both 2017 and 2011. These 2020 events included a record seven tropical cyclones, 13 severe storms, one drought and one wildfire. Last year, we almost met the record again — with 20 separate billion-dollar natural disasters, including a spate of deadly tornadoes that ripped through the heartland and the southeast.
The Marshall Fire was a sobering example of how climate change is impacting communities. It arose from a historic drought in Colorado, with a six-month run of almost no significant precipitation. And that drought followed a very wet period that gave rise to vegetation that eventually became fuel for the fires. Can we say to ourselves confidently that this is a fluke that will never happen again? Recent wildfire trends on the West Coast give us reason to doubt it.
Many real-estate developers look at these trends and say, what could we possibly do? They argue that climate is out of our control. But there are several things very much within our control as builders — and we have a responsibility to take them into account.
Resiliency, adaptability and green building
The first is resiliency. While not every disaster can be avoided by weather-resistant construction, many can. Perhaps fate played a role in our homes surviving the fire, but so did our airtight envelopes, our fire-resistant cladding and our fire-rated roofs. The Marshall Fire is going to cause our company to think even harder about what we’re specifying for our exteriors. We want to build shelters that actually provide shelter from what’s happening outside.
All builders can and must do the same, no matter where they are located. Using good materials on the outside of the home, tailored to withstand the risks inherent to your region — whether hurricane-force winds, extreme flooding or fire— is a basic measure that any builder can take. For the most part, these don’t involve earth-shattering costs.
The second priority must be adapting to the reality of climate change by creating healthier interiors. We can protect occupants from ozone and smoke by monitoring indoor air quality, utilizing top-notch filtration and installing smart systems that know what’s happening outside. A smart filtration unit will be able to detect high particulates from smoke and avoid bringing the air inside or at least scrub it first. These systems are easy to come by and affordable — often only a few hundred dollars.
Third and finally, we must build homes that aid in the ongoing fight against climate change. This means installing electric appliances, aiming for zero-energy homes and taking steps to offset the carbon emitted during construction. We also need to help homeowners understand the benefits of using reusable energy such as solar paneling to power their houses.
Resilient, healthy, climate-conscious construction must be a part of ESG — the investing movement built around environmental, social and governance factors. It’s my hope that ESG requirements will filter down into lending requirements, ensuring that every builder will take them into account. But we can’t wait for that to happen.
Building homes with health and well-being in mind
Critics will say that no one builder can turn the tide on climate change, and that’s true. But is it possible to point ourselves in a direction where, over time, with enough of us working together, we could make a real impact on annual emissions? Absolutely.
All three goals — resiliency, adaptation and green building — work together. It is about building a home that operates together as a single system geared toward the health and well-being of the occupant. And remember: This is smart business too. It is about de-risking your company.
It is time for a wake-up call for all home-builders, no matter where we are located. No one is immune to natural disaster. As I learned anew through the harrowing experience of the Marshall Fire, building for the well-being of our customers must be our highest priority as builders. We must erect structures that are healthy, electric, resilient and decarbonized. It is the only way to prepare our customers for the future.
Rambus (RMBS) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. – Zacks This quarterly report represents an earnings surprise of 5.41%. A ...
See Details: Rambus (RMBS) Q4 Earnings and Revenues Beat Estimates
Hero FinCorp, a privately owned non-banking finance company (NBFC), has raised INR 2,000 crore. The round was led by Apollo, along with Hero MotoCorp, among others. Pexels The latest fundraise will support Hero FinCorp’s growth strategy as the company continues to further expand its product offerings across India’s retail, SMEs ...
See Details: Hero FinCorp Raises INR 2,000 Crore
TFI International Inc. (TFII) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items. – Zacks This quarterly report represents an earnings surprise of ...
See Details: TFI International Inc. (TFII) Q4 Earnings and Revenues Surpass Estimates
Scarlett Johansson and Colin Jost star in the new Super Bowl ad for Amazon’s Alexa. (Photo: Jeff Bezos/Twitter) What would happen if Amazon’s Alexa could read your mind? That’s just what the new Super Bowl advertisement for Alexa takes you through. Sharing the ad on Twitter, Amazon founder Jeff Bezos ...
See Details: Alexa can read your mind? Jeff Bezos shares Scarlett Johansson video
Apple has so far declined to comment on the matter. Apple has purchased AI Music, a company that can create soundtracks by piecing together compositions from royalty-free music. According to sources close to Bloomberg, the acquisition was completed in recent weeks and the start-up’s site has been taken offline. AI ...
See Details: Apple acquires AI Music, a company that creates soundtracks using AI
Hyundai is India’s second-largest car seller after Maruti Suzuki. Hyundai Motor Company does not comment on political or religious issues in any specific region, the South Korean carmaker said on Tuesday as boycott calls for the brand continued in India after social media handle of its Pakistan unit posted a ...
See Details: Hyundai India not associated with Pak distributor, says parent company amid boycott calls
Most of us give tacit acknowledgement to the touted value of soft skills: CEOs and executive teams realize the importance of workplace culture for retention and revenue. Brian Chesky, Co-founder and CEO of Airbnb, said, “When the culture is strong, you can trust everyone to do the right thing.” In ...
See Details: Why People-first Innovation Is Crucial In 2022
Most of us give tacit acknowledgement to the touted value of soft skills: CEOs and executive teams realize the importance of workplace culture for retention and revenue. Brian Chesky, Co-founder and CEO of Airbnb, said, “When the culture is strong, you can trust everyone to do the right thing.” In ...
See Details: Praveen Kumar Sobti, Bheem in 'Mahabharat' TV series, dies
Most of us give tacit acknowledgement to the touted value of soft skills: CEOs and executive teams realize the importance of workplace culture for retention and revenue. Brian Chesky, Co-founder and CEO of Airbnb, said, “When the culture is strong, you can trust everyone to do the right thing.” In ...
See Details: IPL 2022 auction: Virat Kohli says he was approached a few times by other IPL franchises in past
Most of us give tacit acknowledgement to the touted value of soft skills: CEOs and executive teams realize the importance of workplace culture for retention and revenue. Brian Chesky, Co-founder and CEO of Airbnb, said, “When the culture is strong, you can trust everyone to do the right thing.” In ...
See Details: Elon Musk has a 'real question'. Chetan Bhagat has an answer. A Twitter exchange
Most of us give tacit acknowledgement to the touted value of soft skills: CEOs and executive teams realize the importance of workplace culture for retention and revenue. Brian Chesky, Co-founder and CEO of Airbnb, said, “When the culture is strong, you can trust everyone to do the right thing.” In ...
See Details: Jagjit Singh birth anniversary: How grief shaped his musical journey after death of son
Most of us give tacit acknowledgement to the touted value of soft skills: CEOs and executive teams realize the importance of workplace culture for retention and revenue. Brian Chesky, Co-founder and CEO of Airbnb, said, “When the culture is strong, you can trust everyone to do the right thing.” In ...
See Details: Lazy Days Holdings (LAZY) Gains As Market Dips: What You Should Know
Most of us give tacit acknowledgement to the touted value of soft skills: CEOs and executive teams realize the importance of workplace culture for retention and revenue. Brian Chesky, Co-founder and CEO of Airbnb, said, “When the culture is strong, you can trust everyone to do the right thing.” In ...
See Details: Fisker Inc. (FSR) Dips More Than Broader Markets: What You Should Know
Triton International (TRTN) closed the most recent trading day at $61.10, moving +0.31% from the previous trading session. This change outpaced the S&P 500’s 0.37% loss on the day. – ... Read more »
Asbury Automotive Group (ABG) closed the most recent trading day at $151.49, moving -0.81% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.37%. – ... Read more »
Cushman & Wakefield (CWK) closed the most recent trading day at $21.46, moving +1.18% from the previous trading session. This change outpaced the S&P 500’s 0.37% loss on the day. ... Read more »
Wesco International (WCC) closed at $121.43 in the latest trading session, marking a +1.57% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.37%. – ... Read more »
The recent rate-fueled valuation crush among next-gen tech has created some ripe acquisition opportunities for cash-rich mega-cap tech. After rapidly deteriorating investor sentiment, Peloton PTON is the latest acquisition target, ... Read more »
In the latest trading session, HP (HPQ) closed at $37.49, marking a -0.29% move from the previous day. This change was narrower than the S&P 500’s daily loss of 0.37%. ... Read more »
In the latest trading session, One Stop Systems, Inc. (OSS) closed at $4.05, marking no change from the previous day. This change was narrower than the S&P 500’s daily loss ... Read more »
Luminar Technologies, Inc. (LAZR) closed at $14.84 in the latest trading session, marking a +0.27% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.37%. ... Read more »
Buckle (BKE) closed at $37.24 in the latest trading session, marking a +1.36% move from the prior day. This change outpaced the S&P 500’s 0.37% loss on the day. – ... Read more »
In the latest trading session, AutoNation (AN) closed at $103.57, marking a -0.46% move from the previous day. This change lagged the S&P 500’s 0.37% loss on the day. – ... Read more »
fuboTV Inc. (FUBO) closed at $10.07 in the latest trading session, marking a -0.3% move from the prior day. This change was narrower than the S&P 500’s 0.37% loss on ... Read more »
In the latest trading session, Fiverr International (FVRR) closed at $81.01, marking a -0.52% move from the previous day. This change lagged the S&P 500’s daily loss of 0.37%. – ... Read more »
Sterling Construction (STRL) closed at $27.51 in the latest trading session, marking a +1.63% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.37%. – ... Read more »
Boise Cascade (BCC) closed at $77.20 in the latest trading session, marking a +0.69% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.37%. – ... Read more »
In the latest trading session, CRISPR Therapeutics AG (CRSP) closed at $62.36, marking a +0.76% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.37%. ... Read more »
Bausch Health (BHC) closed the most recent trading day at $24.39, moving -0.53% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.37%. – Zacks ... Read more »
Wall Street has been mostly kind to investors so far in February after a tough January. Market participants are upbeat about improving U.S. economic conditions as reflected by encouraging fourth-quarter ... Read more »
Bank of Nova Scotia (BNS) closed at $73.75 in the latest trading session, marking a +0.78% move from the prior day. This move outpaced the S&P 500’s daily loss of ... Read more »
Fox FOXA is set to report second-quarter fiscal 2022 results on Feb 9.For the quarter, the company’s current Zacks Consensus Estimate for earnings is pegged at breakeven against a loss ... Read more »
In the latest trading session, Generac Holdings (GNRC) closed at $279.97, marking a +0.01% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.37%. – ... Read more »
Spirit Airlines Incorporated (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC) have announced a $6.6 billion merger to create one of the largest low-cost airlines in the U.S. The new airline ... Read more »
The First Trust Energy AlphaDEX Fund FXN is probably a suitable pick for investors looking for momentum. FXN hit a 52-week high and is up 59.6% from its 52-week low ... Read more »
In a document filed with the U.S. Securities and Exchange Commission (SEC), Meta Platforms Inc (NASDAQ:FB) has warned it could be forced to close Facebook and Instagram in Europe if ... Read more »
To-do lists are helpful tools for many people, but they can quickly take over our lives, making daily living feel like just another item to cross off of a never-ending ... Read more »
Immunovant, Inc. IMVT reported a net loss of 36 cents per share in the third quarter of fiscal 2022 (ended Dec 31, 2021), wider than the Zacks Consensus Estimate of ... Read more »
The Buckle, Inc. BKE looks well poised on the back of its robust strategic efforts, including strength in e-commerce business and an impressive sales trend. BKE has been putting up ... Read more »
Wall Street put up a moderate show last week with the S&P 500 (up 1.6%), the Dow Jones (up 1.1%), the Nasdaq Composite (up 2.4%) and the Russell 2000 (up ... Read more »
The Interpublic Group of Companies, Inc. IPG is scheduled to report fourth-quarter 2021 results on Feb 10, before the opening bell. – Zacks Let’s check out how things have shaped ... Read more »
Mednax, Inc. MD and its affiliated practices Pediatrix Medical Group recently acquired Night Lite Pediatrics, LLC in Orlando, FL. Night Lite is a private 13-clinic pediatric urgent care practice. The ... Read more »
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 7th: – Zacks Apple AAPL: This company whose business primarily runs around its ... Read more »
Shares of Gol Linhas GOL have displayed an uptrend on the bourses over the past month, gaining 16.2% against its industry’s 3.1% decline. – Zacks Image Source: Zacks Investment Research ... Read more »
Monday, February 7, 2022 The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Bank ... Read more »
Sanofi SNY announced that the FDA has approved its monoclonal antibody, Enjaymo (sutimlimab-jome), to decrease the need for red blood cell transfusion due to hemolysis in adult patients with cold ... Read more »
For Immediate Release Chicago, IL – February 7, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the ... Read more »
Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you’re an income investor, your primary focus is ... Read more »
“You gotta answer your DMs, man,” says Jairek Robbins, half laughing, in his latest Brilliant Thoughts interview with Tristan Ahumada. Robbins, who is an acclaimed business coach, best-selling author and ... Read more »
Investors might want to bet on Xilinx (XLNX), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and ... Read more »
Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you’re an income investor, your primary focus is ... Read more »
For Immediate Release Chicago, IL – February 7, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the ... Read more »
BankUnited, Inc. BKU has announced a new share repurchase plan. The company’s board of directors has approved the repurchase of up to $150 million in shares of BKU’s outstanding stock. ... Read more »