These developers used to flip houses. Here’s why they’re pivoting to high-end remodels

Higher home values and a stubbornly high interest rate has meant more Americans, even the well-off, are sitting on their homes, decreasing mobility and freezing up the housing market. One developer, Thomas James Homes, believes there’s big business in helping high-end homeowners remake, as opposed to resell, their existing real estate.  Operating mostly in high-end neighborhoods in Los Angeles, San Francisco, Seattle, Denver, and Phoenix metro areas, the developer has pivoted a bit to...