Homebuilders

Even to the detriment of greater profits, the sector is offering ultra-low terms via temporary buydowns combined with larger forward commitments.

In November, 41% of builders reported cutting prices, a record in the post-Covid period, according to Tuesday's report. More broadly, 65% reported using sales incentives, unchanged from the prior two months.

New-home mortgage applications dropped, but the annual sales pace was the strongest in over a year, the Mortgage Bankers Association said.

In markets across the US, homebuilders sitting on unsold inventory are subsidizing mortgage rates so heavily they sometimes match the record lows last seen during the Covid-19 pandemic.

Companies reported positive numbers but see challenges in a sluggish housing environment, as federal pressure ramps up to address affordability.

While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.

The import taxes — initially set at 25% for cabinets, vanities and upholstered wooden furniture — officially took effect on Tuesday at 12:01 a.m. New York time.

President Trump said big homebuilders are sitting on a record 2 million empty lots, and asked Fannie Mae and Freddie Mac to help restore the American Dream.

A group of homeowners filed a class action lawsuit against the largest homebuilding company in the United States, seeking all money lost.

Trump administration tariff policy led lumber futures prices to surge over the first half of 2025, but the front-loading of purchases led to a current glut.

The increase represents a spot of good news for homebuilders in a year marked by uncertainty surrounding tariffs and still-challenging interest rate levels.

Homebuilder stocks are headed for their best monthly performance in over a year as the housing market increasingly shows signs of life. 

Contract signings on new single-family homes ticked down to a 652,000 annualized rate, with the strongest demand in the West, according to a government report issued Monday.

New residential construction increased 5.2% last month to an annualized rate of 1.43 million homes, according to government figures released Tuesday.

Home Depot Inc. sales returned to growth in the second quarter as shoppers invested in smaller projects, such as lighting and gardening.

Lower interest rates and homebuilder concessions brought borrowers to the table, according to the Mortgage Bankers Association's latest report.

President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said. 

Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020.

New residential construction increased 4.6% to an annualized rate of 1.32 million homes last month, picking up after an almost 10% slide in May, according to government figures released Friday.

Despite upticks in new-home mortgage applications and homebuilder sentiment, analysts worry that interest rates will continue to cool the market.