US homebuilders’ confidence slipped again this month, bogged down by persistent worries over affordability and high construction costs. Processing Content An index of market conditions from the National Association of Home Builders and Wells Fargo edged down in February to 36, the lowest level since September. That fell short of all but one estimate in […]
Homebuilder sentiment dips to 5-month low on affordability Read More »
D.R. Horton and its lending arm are defending their underwriting practices as lawful, after borrowers sued the companies for saddling them with mortgage payment shocks. Processing Content The homebuilder’s motion to dismiss, filed Monday in a Nevada federal court, is its first response to a class action suit, which raises racketeering claims. Home buyers say
DR Horton defends practices in RICO mortgage case Read More »
Large construction companies and their lender partners could see imminent changes in Fannie Mae and Freddie Mac’s terms, according to Federal Housing Finance Agency Director Bill Pulte’s social media posts. Processing Content Pulte confirmed follow-through on plans to track the government-sponsored enterprises’ builder-related business in posts on X, noting that he has reviewed “pricing and terms,
FHFA’s Pulte plans pricing changes for builders, lenders Read More »
Confidence among US homebuilders unexpectedly fell in January, as costly sales incentives outweighed a recent boost from lower mortgage rates and the president’s housing proposals. Processing Content An index of market conditions from the National Association of Home Builders and Wells Fargo decreased 2 points to 37 in January, its first decline since August. That
Homebuilder sentiment falls for first time in five months Read More »
The outlook among home remodel companies sits at its highest in a year, with sentiment toward upcoming business prospects in positive territory in contrast with the homebuilding community. Processing Content Remodeling and renovation market sentiment improved to a seasonally adjusted score of 64 at the close of the fourth quarter, up from 60 three months
Remodeling businesses cite favorable prospects to start 2026 Read More »
New-home sales dropped in December compared with previous months, but remained above 2024 levels, according to new industry data. Processing Content Mortgage applications for new-home purchases decreased 15.2% on a seasonally-adjusted basis and 3% unadjusted from November to December, the Mortgage Bankers Association Builder Application Survey found. Compared with last December, applications increased 2.5%. “December
New-home sales slip in December despite annual gains Read More »
A new racketeering lawsuit claims two Hallmark Home Mortgage employees aided a homebuilder in a construction Ponzi scheme that affected hundreds of customers. Processing Content Florida resident Reynel Suarez named the lender and its parent, Fairway Home Mortgage, among a dozen defendants in his class action late last month. The plaintiff says Hallmark disbursed millions
Hallmark Home Mortgage accused in Ponzi scheme lawsuit Read More »
Sales of new homes in the US were little changed in October near the strongest pace since 2023 as builders lured anxious customers with price cuts and incentives. Processing Content New single-family home sales eased 0.1% to an annual rate of 737,000 following a 3.8% September increase, according to government data released Tuesday. The report,
Sales of new US homes hold close to fastest pace since 2023 Read More »
Compass has completed its acquisition of Anywhere Real Estate, merging hundreds of thousands of real estate agents, and familiar brokerages, under one roof. Processing Content The deal will also combine retail lender Guaranteed Rate’s separate joint ventures with each company into one, the businesses previously confirmed. The combined industry giant will cover over 200,000 real
Compass wraps acquisition of Anywhere Real Estate Read More »
Housing starts in the US fell in October to the lowest level since the onset of the pandemic as data delayed by last fall’s government shutdown showed builders continued to cut back amid still-high prices and mortgage rates. Processing Content New residential construction decreased 4.6% to an annual rate of 1.25 million homes in October,
US housing starts fall to lowest level since May 2020 Read More »