Lennar’s management is working through the various challenges facing homebuilders: not just the Iran conflict, but also the antipathy against institution investor purchasers. Processing Content In its first fiscal quarter, which ended on Feb. 28, Lennar earned $229 million, less than half of the $520 million it made for the same period in 2025. The […]
Lennar profit drops 56% amid rates, Iran uncertainty Read More »
CrossCountry Mortgage announced Thursday a significant investment in its newly formed builder division. Processing Content The lender did not disclose the size of the investment, but it reinforced CrossCountry’s commitment to the homebuilder market, the company said. The division will offer a comprehensive suite of residential lending programs and commercial lending solutions, such as builder
CrossCountry invests in builders with new division Read More »
Several trade groups usually supportive of efforts to increase housing inventory are taking exception to new homebuilding language added to a federal bill currently under Senate consideration. Processing Content Lawmakers added a provision in the 21st Century ROAD to Housing Act that will require large institutional investors purchasing build-to-rent properties to sell units they purchase
Builders push back on 7-year build-to-rent selloff rule in ROAD Act Read More »
Lenders may find outsized demand for renovation loans in the nation’s smaller housing markets. Processing Content Residents in states like New Hampshire and Rhode Island applied for more remodeling and home improvement loans per capita in 2024 than those in California and Texas, according to a National Association of Home Builders analysis. The trade group,
Which markets had the highest demand for renovation loans? Read More »
Early market reactions to the U.S.-Israel-Iran conflict suggest inflation fears, not flight-to-safety buying, are dominating Treasury yields, a dynamic that could put upward pressure on mortgage rates. Processing Content Resolving the conflict swiftly and handling it in such a way that it increases security in the region could have some positive ramifications for housing, but
Middle East conflict stokes inflation, risks higher rates Read More »
Toll Brothers Inc. fell short of analysts’ estimates for quarterly orders, signaling that fewer people are signing contracts to build homes as high prices and economic uncertainty hold some buyers back. Processing Content The luxury home builder said Tuesday that it had 2,303 signed contracts for the three months ending Jan. 31, missing analyst estimates
Toll Brothers misses orders estimates amid slow housing market Read More »
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 »