By Michael Collins, Managing Principal, EquiNova

Regardless of where you fall on the political spectrum, we’re probably all united in being glad to have the election behind us. There is always a sense of “wait and see” in an election year which has now dissipated.

The pre-election rate cut, and the fact that the market has priced in several rate cuts through mid-2025, have brought life to numerous large projects that were previously on hold.

From our conversations out in the market, the 2025 outlook is very strong. This, combined with the demise of potential increases in the capital gains tax, should create a very favorable M&A environment in the year ahead. With improving builder and consumer confidence, it is easy to feel good about next year.

That being said, history has shown the importance of humility as we look ahead. The next article is a great example.