Homebuilders

A gauge of U.S. homebuilder sentiment declined for an eighth-straight month, marking the worst stretch since the housing market collapsed in 2007 amid higher borrowing costs and elevated prices.

Rising insurance costs and pricier fire resistant building materials are testing how the second most expensive state responds to climate emergencies

It is a reversal of too little inventory that plagued the past two years.

Builders across the U.S. have been cutting prices and offerings deals so houses don't sit empty.

New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.

The slowdown in new single-family construction is one of several headwinds homebuilders find themselves facing this summer.

Industry leaders suggested they’ve "never felt so worried at a time when everything feels so good otherwise," said Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.

Lumber prices have wavered, but gypsum, steel and transportation were still on the rise in the past month, according to a National Association of Home Builders analysis.

Residential starts decreased 0.2% last month to a 1.72 million annualized rate after a downwardly revised 1.73 million pace in the prior month, according to government data released Wednesday.

A shortage of workers, sharp wage hikes and global supply chain challenges held the nationwide completion rate to just a 7% increase between 2019-21, according to LendingTree.