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International Business Times
International Business Times
Business

Missing Piece in America's Housing Crisis, Dmitrii Minin's Perspective

Dmitrii Minin

More than 300,000 empty lots under five acres were listed for sale nationwide in June 2026 alone, according to a new study from Zillow — enough, if built on, to close roughly 6.3% of America's 4.7-million-home housing shortage. The debate over how to close that gap tends to focus on zoning and permitting reform. But the real question is whether the thousands of small, individual projects that reform is meant to unlock will actually get built on budget and on time.

Dmitrii Minin has spent the past several years developing an Integrated Owner-Side Construction Management Framework — a methodology for keeping small residential projects on budget and on schedule, built from more than two decades managing megaprojects for Rosneft, one of Russia's largest oil companies. He now runs RealEstate&Investments LLC, which acquires and redevelops California residential properties into accessory dwelling unit (ADU) conversions and new-construction homes, and DM Living Systems LLC, a second platform for additional residential development projects. The framework he's built since then is his attempt to bring that discipline down to a single residential lot.

Why Some Projects Finish On Time, and Others Don't

Whether a single ADU project in California finishes on schedule comes down to the same categories of control that once governed Minin's work at Rosneft – tracking thousands of contractor obligations, permits, and budget lines against a strict set of deadlines. At the scale he was working at, this discipline wasn't optional: one missed deadline on a single project could cascade into a dozen others.

"The crucial part of the work is knowing where every dollar and every dependency sits before the first contractor shows up," explains Dmitrii Minin. "You do the financial due diligence, and you establish clear ownership for every interface between designers and builders. Whether the project is a five-billion-dollar pipeline or a five-hundred-thousand-dollar plot development, skipping that step leads to the same failure."

That standard developed during Minin's years in senior capital-construction and executive roles, including his work in Rosneft's Capital Construction Department, where Minin oversaw investment programs across 12 upstream subsidiaries, 13 refinery and petrochemical assets, and more than 50 sales companies — a portfolio whose capital spending in a single year exceeded $15 billion.

That discipline had to hold across more than one project running at once — Minin's department was managing several major pipeline and refinery programs in parallel, not just one. The Tikhoretsk–Tuapse pipeline alone added 153 miles of pipe and 40 miles of power line to move 12 million metric tons of oil a year. Holding that kind of portfolio-wide oversight is the habit now governing four residential projects outside Sacramento.

Bringing Owner-Side Control to a Single Lot in the Greater Sacramento Region

California has spent the past few years making it legally easier to build small units like ADUs on existing lots. That hasn't solved the execution problem: the typical ADU still took 115 days to get approved in 2025, nearly double the 64-day median for a standard permit, according to permit-data analysis from Shovels. Easier rules, in other words, don't guarantee a faster build.

"Faster rules help, but they don't replace management," notes Dmitrii Minin. "A homeowner or a small developer still needs someone actively running the project day to day — that's exactly where many small projects stall."

After relocating to California in 2024, Minin began applying the same approach to residential development in the greater Sacramento region. Through RealEstate&Investments LLC and DM Living Systems LLC, he leads property due diligence, budget planning, contractor selection, schedule control, and risk review on projects developed by those companies. He also serves as a Project Development and Owner-Side Project Controls Consultant to B4 Construction Group Inc. on its Main Ave project, participating throughout the full project lifecycle — from initial evaluation and the definition of key technical and economic parameters through design coordination, permitting, subcontractor selection, work coordination, and quality control. Together, these projects include full renovations, a garage-to-ADU conversion, a detached ADU, and custom-home development. He coordinates design and manages project implementation through a team based in the United States and the United Kingdom, coordinating remotely across time zones.

That same standard that kept a national pipeline program on schedule is what now decides whether a Northern California residential project finishes on time. Faster permits and better software cannot replace a person who owns that outcome: every project, regardless of size, still needs one.

The Handoff Problem That Stalls Projects of Any Size

A subcontractor finishing ahead of schedule while the next trade waits for approval, or an inspection arriving before the paperwork is complete, can delay a straightforward project for months. On an industrial contract, the result is a stalled commissioning report; on a residential lot, it is a family waiting another season to move into an ADU. In both cases, project success depends on coordinating contractors, inspections, and documentation before construction begins.

That principle comes from direct experience. As Deputy General Director for Production at Parkneft LLC, Minin managed production on the $150 million Korotchaevo terminal project. Earlier, as General Director of RN-Purneftegaz, he doubled new drilling within two years and increased associated petroleum gas utilization to 97.2%.

"Results came from hundreds of small decisions, from selecting the next drilling location to coordinating contractors, all following one plan instead of being made on the fly. The difference between an ADU completed this year and one finished next year often comes down to that level of coordination."

The approach scales from large infrastructure to residential development. A garage-to-ADU conversion and a $150 million industrial facility both rely on realistic budgeting, coordinated handoffs, and clear execution from the first day of construction. Small developers often manage acquisition, financing, and construction simultaneously, making consistent coordination difficult. As a result, the gap between what zoning reform allows and what reaches completion remains one of the biggest constraints on housing delivery.

Closing that gap takes more than good intentions — the discipline doesn't transfer on its own. Minin's mix of a civil engineering degree, a law degree, and an MBA in international oil-and-gas business is what let him move between the technical and financial sides of a project himself rather than hand each off to a separate specialist. The California Class A General Engineering Contractor license issued to his company, RealEstate&Investments, adds formal construction credentials to his investment analysis and owner-side project management experience. Years of running client-side operations also left him with a low tolerance for unreliable contractors, and a habit of making decisions based on schedules and verifiable data rather than assumptions. Bringing that habit to California meant learning a different permitting system and building a professional network in the U.S. — the kind of groundwork that decides whether a project finishes on schedule just as much as the budget or the blueprint does.

Closing a housing shortage measured in millions of homes ultimately depends on thousands of individual projects reaching completion on budget and on schedule. Minin's next step is to translate this methodology into practice through an Integrated Owner-Side Construction Management Framework, a paper designed to help small developers apply large-project management principles to residential development.

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