Homebuilders

The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.

The homebuilding giant reported two separate cyber incidents this year, with the most recent breach of its mortgage unit affecting more than 348,000 individuals.

Smaller builders felt the greatest impact of material cost increases, as new Trump administration tariffs add a layer of worry for the construction industry.

A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.

Elevated mortgage rates and consumers' uncertainty about the economy are weighing on housing demand in the US as a whole, but wealthier buyers have been cushioned by higher incomes, home equity and well-performing stock portfolios.

Housing starts fell 12.4% last month to an annualized rate of 1.24 million, according to federal government data released Tuesday.

If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.

Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.

Greg Abel's first major deal at the helm of Berkshire Hathaway Inc. wasn't just a way to put a dent in a nearly $400 billion cash pile. It was also a bet on the American Dream.

The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.

The homebuilder posted net income of $472 million, or $2.48 per share, down from $608 million but still more than analysts expectations of $2.36 per share.

New residential construction increased 19% last month to an annualized rate of 1.43 million, the highest since March, government data released Friday showed.

Sales trends for new homes are on the upswing, another reason mortgage lenders need to keep an eye on this segment, the Mortgage Bankers Association found.

The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.

Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.

Private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May.

The bill was one of three filed on Thursday aimed at reforming the two government-sponsored enterprises, all of them from Representative Scott Fitzgerald, a Wisconsin Republican. 

Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains

Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'

An index of overall market conditions from the National Association of Home Builders and Wells Fargo fell 2 points to 35 this month, according to data released Monday, lower than the 37 anticipated by economists in a Bloomberg survey.