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 »
Shares of Blackstone Inc. and other housing-related companies tumbled after President Donald Trump said he would move to ban institutional investors from buying single-family homes. Processing Content Blackstone stock fell by as much as 9.3%, before trimming some losses, after Trump said he was “immediately taking steps to ban large institutional investors from buying more
Blackstone, homebuilder shares plunge on Trump housing comments Read More »
The number of residential remodeling businesses hit a record-high earlier this decade, with the pace of their growth more than doubling that of builders. Processing Content Total remodeling enterprises came in at 128,187 at the close of 2022, according to the National Association of Home Builders analysis of U.S. Census data. By comparison, only 77,455
Gap between remodel, homebuilder businesses keeps growing Read More »
Many recent sellers appear willing to offer homebuyer incentives, prioritizing certainty and their goals of making a timely deal over maximizing profit, according to a new report from Zillow. Processing Content Approximately two-thirds of sellers covered some or all closing costs in their 2025 transactions, the real estate platform said in its new consumer housing
Savvy, ‘intentional’ buyers rewarded with seller incentives Read More »
Pending sales of US existing homes climbed by more than expected in November as a modest improvement in prices and mortgage rates encouraged buyers. Processing Content An index of contract signings rose 3.3% to 79.2 last month, the highest level since February 2023, according to figures released Monday by the National Association of Realtors. The
US pending-home sales jump to highest level since early 2023 Read More »
New-home sales saw their largest year-over-year increase since July in November, even as mortgage rates changed little. Processing Content While the industry is still waiting on official data from the Census Bureau regarding the pace of new home sales, the MBA’s latest Builder Application survey found new-home purchase activity was up 3.1% from a
New-home sales post biggest annual gain since July Read More »
Confidence among US homebuilders edged up in December as builders continued to deploy sales incentives to motivate buyers. Processing Content An index of market conditions from the National Association of Home Builders and Wells Fargo rose 1 point this month to 39, the highest since April. Still, a value below 50 means more builders see
US homebuilder sentiment edges up with help from incentives Read More »
Borrowers are doubling down on racketeering accusations against D.R. Horton and its DHI Mortgage financing arm. Seven plaintiffs filed a class action lawsuit in Nevada federal court Wednesday, following a similar complaint that attorneys filed in Florida in October. While other mortgage players have faced RICO accusations in recent years, plaintiffs said they believe the
Borrowers raise RICO counts against DR Horton, DHI Mortgage Read More »
Arizona Senator Ruben Gallego wants to use an employment-based visa program to draw more foreign investment into the US housing market, the latest proposal from Washington aimed at easing an affordability crunch caused by years of underbuilding and higher mortgage rates. Gallego – a Democrat whose travel to key states this year spurred speculation of
Senator seeks to tap foreign visa program to ease housing costs Read More »
Reports of a sub-1% mortgage rate are no exaggeration. D.R. Horton was offering that ultra-low rate last month on certain new homes, a salesperson confirmed this week. Today, the industry giant and its homebuilder peers are still promoting attractive terms, with fixed rates as low as 3.99% and with buydowns, down to 1.99%. Jeremy Schachter,
What’s behind homebuilders’ ultra-low rate deals Read More »