Dwight Schar, the founder and former executive chairman and CEO of NVR Inc., has died, according to posts on LinkedIn. James Honeycutt, managing partner at Credo Construction, discussed Schar’s legacy in a post on Thursday afternoon. “Mr. Schar wasn’t flashy or dismissive — just calm, kind, and very clear on what mattered most. He chuckled […]
Dwight Schar, founder of NVR Inc., has died Read More »
On March 4, 2025, a windstorm cut across Texas and knocked out power to hundreds of thousands of homes. Outside Dallas-Fort Worth, the pattern was the same as the storm swept through one of Lennar‘s new communities: the grid went down, the neighborhood went dark. But 46 homes in that same community—the ones with a
Why Texas builders are betting on backup batteries for new homes 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 »
The Housing for the 21st Century Act — the U.S. House’s version of the Senate-approved ROAD to Housing Act — was unveiled Wednesday. Led by sponsors including Chairman French Hill (R-Ark.), Ranking Member Maxine Waters (D-Calif.), Chairman Mike Flood (R-Neb.) and Ranking Member Emanuel Cleaver (D-Mo.), legislation aims to boost housing development and improve affordability
U.S. House unveils Housing for the 21st Century Act Read More »
For Toll Brothers, whose enviable core customers are ones whose financial wherewithal effectively shields them from worries about high prices and high interest rates, the question is not “can they buy?” It’s will they? And will they buy now? “America’s Luxury Homebuilder” continues to rely on its move-up, active adult, and luxury segments — and
Toll Brothers leans on luxury to navigate homebuilding’s headwinds Read More »
The ROAD to Housing Act wasn’t included in the National Defense Authorization Act (NDAA) released on Sunday, despite speculation that it might sneak in as an attachment to the more urgent priority $900 billion defense spending bill. Still, the bipartisan housing legislation, which enjoys widespread support in both parties, could be signed into law next
House committee is set to review Senate-approved housing bill 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 »
A key housing provision in the government defense spending bill currently under negotiation in Congress will expand the federal definition of manufactured housing and ultimately ease lending for such units if adopted. Tucked within the latest National Defense Authorization Act are new regulations to remove “permanent chassis” language in current codes. In addition to striking
Manufactured housing may get lending relief in defense bill 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 »