Homebuilders

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.

An economy that's been good for the rich makes shares of high-end homebuilders a better bet than those focused on entry-level buyers, according to one Wall Street analyst.

Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. 

Starts of single-family homes declined 9%, the most since August, according to government figures released Thursday. 

Economic uncertainty and higher rates in April contributed to the first decline in applications for new homes on an annual basis since October.

Builders Capital Exchange has a $2 billion multi-year annual funding commitment, while RCLCO Fund Advisors creates joint venture which will acquire communities.

Dream Finders Homes made its intentions public in an effort to push for shareholder approval following Beazer's rejection of two prior offers.

President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.

Builder mortgage units saw Q1 profit slides (NVR down 17%) despite an 11% rise in new home loan applications. Overall homebuilder net income dropped, and sales incentives remain high.

Toll Brothers' purchase of Buffington Homes of Arkansas will extend its national outreach with a strong presence in northwest Arkansas, the company said.

Developers including D.R. Horton Inc., Lennar Corp. and KB Home all missed expectations last quarter and estimates suggest both sales and earnings have fallen further as conflict in the Middle East unsettled buyers and raised costs.

The war in the Middle East is adding to a slew of challenges already facing the construction industry in recent years, including elevated mortgage rates, labor constraints and higher prices for materials.

Lending for new single-family homes jumped 11% from a year ago and 26% from February, the Mortgage Bankers Association said.

The artificial intelligence-based technology automates manual processes associated with the financing, including draws, for homes under construction.

Olive Branch Home Loans is the first business established through a new LoanDepot partnership model aimed to help builders scale internal lending units.

The pace of applications and closings on new construction fell from January, while the average loan size also declined, despite a period of lower rates.

The deregulatory executive order, which pairs with another targeting small players' home loan rules, impacts the FHFA, HUD and other agencies.