Homebuilders

Issuances decreased over 10% annually, while at the same time, builders are still seeing shortages of many materials, according to the National Association of Home Builders.

Kindred Home Loans will serve buyers of properties in Dallas and San Antonio markets.

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in over a decade outside of the pandemic amid elevated mortgage rates and high construction costs.

The share of single-family constructions located in homeowner's associations grew to over 67% in 2020, according to the National Association of Home Builders.

Concrete prices have surged 10.7% in 2022, but the cost of once-volatile softwood lumber has moderated greatly since the summer, according to the National Association of Home Builders.

One of the biggest U.S. homebuilders is offering to sell thousands of homes to rental landlords at a time when sales to everyday buyers have slumped. 

The decline in loan activity and softening prices also helped drive down builder sentiment for the 11th month in a row.

Purchases of new single-family homes decreased 10.9% to a 603,000 annualized pace following an unexpected gain in August, government data showed Wednesday.

PulteGroup Inc. reported plunging demand for its homes and a spike in canceled deals for the third quarter. But the shares rose, showing just how the bar has been "lowered" for builders navigating the U.S. housing slump.

In a week where homebuilding stocks were faced with surging U.S. Treasury yields and data showing weakening demand for homes, one analyst is throwing in the towel on the sector.