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
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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
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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 »