Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. Processing Content The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing […]
Berkshire Hathaway to buy Taylor Morrison for $6.8 billion Read More »
3D home development received a stamp of approval this week within the mortgage industry thanks to a new lending agreement between Wells Fargo Bank and technology construction firm Icon. Processing Content The two companies announced a deal that makes the San Francisco-based banking giant the preferred lender for new 3D-printed residential properties built by Icon.
Wells Fargo set to originate mortgages for 3D-printed homes Read More »
US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year, suggesting builders are growing cautious amid higher mortgage rates. Processing Content New residential construction decreased 2.8% last month to an annualized rate of 1.47 million homes, according to government figures released Thursday. Starts of single-family homes
Housing starts decline on drop in single-family homes Read More »
It’s been a volatile spring when it comes to mortgage demand for new homes. Processing Content Applications for loans on newly built homes in April fell on both a monthly and annual basis, the Mortgage Bankers Association reported Tuesday. Lingering economic uncertainty and higher rates reversed a large uptick in such demand in March, and
Mortgage demand for new homes dives in latest swing Read More »
Although the war in Iran has heightened affordability struggles for potential homebuyers, real estate agents are more optimistic about the housing market than they were a month ago. Processing Content The Real Brokerage’s Agent Optimism Index, which measures agents’ 12-month forward outlook, increased to 64 in April from 62 in March. While notably below February’s
Real estate agents show more optimism in 2026 housing market Read More »
GO Mortgage is the latest mortgage lender to start a wholesale operation, but it is coming at it from a different point of view: The current way this business is done is not just inefficient; the model is broken. Processing Content “We didn’t have the burden of legacy, process, technology and people,” Jay Promisco, the
GO Mortgage wants to fix ‘broken’ wholesale business model Read More »
Dream Finders Homes is taking a more aggressive stance to acquire a fellow residential builder with a new proposed all-cash offer, publicizing its attempts after being rebuffed earlier this year. Processing Content The Jacksonville, Florida-based company made the latest move for Beazer Homes on May 5, with an offer of $25.75 per outstanding share, a
Dream Finders goes hostile in Beazer takeover bid Read More »
The Department of Housing and Urban Development and Department of Agriculture are rescinding a Biden administration-era policy that they say added up to $31,000 to the cost of new homes. Processing Content President Joe Biden issued a final rule in 2024 that required newly constructed homes to abide by the 2021 International Energy Conservation Code,
HUD, USDA kill energy rule builders called a barrier Read More »
Homeowners are increasingly engaging with the housing market this spring, as many are beginning to let go of their historically low mortgage rates. Processing Content More than a third of sellers have mortgage rates below 5%, yet still plan to list their homes this spring, according to Coldwell Banker’s 2026 Home Shopping Season Report, a
Sellers no longer deterred by lock-in effect, study finds Read More »
Mortgage banking units operated by major U.S. homebuilders saw their pre-tax income slide for the period ended March 31, reflecting the significant year-over-year declines in net income for the period ended March 31 was reported at a quartet of U.S. homebuilders. Processing Content Some analysts are even warning of a lost earnings season for the
D.R. Horton, NVR, Taylor Morrison, M/I Homes earnings recap for mortgage lenders Read More »