Builder trade groups in the United States and Mexico have announced the formation of an alliance.The agreement between the National Association of Home Builders in the United States and Mexico's Camara Nacional de la Industria de Desarrollo y Promocion de Vivienda is "the latest positive offshoot of the historic Partnership for Prosperity alliance established by U.S. President George W. Bush and Mexico President Vicente Fox in February of 2001, and it establishes a powerful precedent for international cooperation," said NAHB president Bobby Rayburn. The alliance aims to create more accessible trade channels and exchange technology and skills aimed at improving the quality, affordability, and efficiency of building on both sides of the border.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
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