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 »
US homebuilders’ confidence barely rose this month as they struggled to lure cautious buyers off the sidelines with costly sales incentives. An index of market conditions from the National Association of Home Builders and Wells Fargo ticked up 1 point in November to 38. A value below 50 means more builders see conditions as poor
US homebuilder sentiment barely rises despite price cuts Read More »
New-home mortgage applications fell again in October, but the seasonally adjusted annual sales pace climbed to its highest level this year, according to the Mortgage Bankers Association. New-home purchases fell 2.6% year over year and 1% month over month in October, according to the Mortgage Bankers Association’s Builder Application Survey. The MBA also estimated that
New-home sales pace hits 2025 high despite dip in apps Read More »
With the average mortgage rate near 6%, US homebuyers are looking at the most affordable monthly payments in a year. But San Antonio real estate agent Tavyn Weyman knows how to get them lower — much lower. The trick is simple: buy new. In markets across the US, homebuilders sitting on unsold inventory are subsidizing
Homebuilders bet on 1% mortgage rates to wake up U.S. buyers Read More »
Confidence among US homebuilders rose this month by the most since early 2024, boosted by lower mortgage rates that are chipping away at the nation’s affordability problem. An index of market conditions from the National Association of Home Builders and Wells Fargo increased 5 points in October to 37, the highest since April. A value
US homebuilder sentiment rises by most since 2024 Read More »
The US is now collecting tariffs on imported timber, lumber, kitchen cabinets, bathroom vanities and upholstered furniture, duties that threaten to raise the cost of renovations and deter new home purchases. The import taxes — initially set at 25% for cabinets, vanities and upholstered wooden furniture — officially took effect on Tuesday at 12:01 a.m.
Trump’s lumber tariffs take hold, threatening to hike home costs Read More »
President Donald Trump and Federal Housing Finance Agency Director Bill Pulte are fueling a deeper selloff in already struggling homebuilder stocks. A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, are helping put an S&P gauge of builders
Lagging builder stocks face new worry from Bill Pulte’s ire Read More »