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Single-family home construction fell by the most since July 2022, following a surge in November, while multifamily projects rose to a five-month high.
January 18 -
But the index is still well below pre-pandemic levels, suggesting momentum may be slow to build with borrowing costs still twice as high as they were two years ago.
January 17 -
Purchases of new single-family homes decreased 12.2% to a 590,000 annual pace last month, a one-year low, government figures showed Friday.
December 22 -
Toll Brothers Inc. stock rose as the homebuilder's executives pointed to "solid" demand in recent weeks as mortgage rates pulled back from two-decade highs.
December 6 -
Real estate finished November as the second best performing group in the S&P 500 Index adding 12%, trailing slightly behind tech's 13% gain. The momentum was fueled by bets the central bank may begin cutting rates as early as next year.
December 1 -
Residential starts increased 1.9% last month to a 1.37 million annualized rate, the highest in three months, government data showed Friday.
November 17 -
With mortgage rates retreating and inflation abating, short sellers who'd been capitalizing on the three-month slump in homebuilder stocks may need to prepare for a rebound toward year-to-date highs.
November 16 -
The broader economy added 150,000 positions, a number the bond market initially read as likely to soften rates, but some economists interpreted differently.
November 3 -
The transactions grew between second and third quarter, with the new-home market seeing one of its largest surges in cash-buying in 13 years.
October 27 -
The company's builder and mortgage banking segments both ended up in the black, as sales for new constructions outperform the existing-home market.
October 24