> separate out the business of physically constructing houses from the business of capital management, land investment, risk management and house price speculation.
That is how it mostly works in the US. The developer buys a large plot of land and puts in roads, utilities then sells the lots to several home builders who build houses on it. The home builders contract out the foundation, framing, plumbing... to separate companies. while it is common to be in more than one part of this, only the smallest developments are all one builder (and even then plumbing is contracted out).
That is how it mostly works in the US. The developer buys a large plot of land and puts in roads, utilities then sells the lots to several home builders who build houses on it. The home builders contract out the foundation, framing, plumbing... to separate companies. while it is common to be in more than one part of this, only the smallest developments are all one builder (and even then plumbing is contracted out).