Homebuilders

It's a sign of just how strong the Bakersfield, Calif., single-family home market is that the 1985 house Realtor Leslie Walters is in escrow to sell July 8 was listed $30,000 above the city's $300,000 sweet spot — and still two solid offers came in within a week.

Homebuilders that team with mortgage lenders get higher levels of borrower satisfaction with the finance process, according to a loanDepot study. This comes as more consumers are evaluating financing options first, highlighting an opportunity to reach them earlier on.

If current inventory shortages continue, rising costs will limit housing options for many American buyers and renters, according to a new Harvard Joint Center for Housing Studies report.

While single-family construction authorizations rose for the first time on a monthly basis in 2019, they trailed three-month and annual comparisons, signs of a continuing market slump, according to BuildFax.

New-home construction fell in May after an April reading that was stronger than initially reported, signaling stabilization in the market amid lower borrowing costs.

The Rapid City Council will consider whether to approve what officials believe is the largest residential subdivision that the city has seen in decades.

Sentiment among homebuilders unexpectedly posted the first decline this year, suggesting lower mortgage rates are failing to give the housing market a sustained boost amid property prices that remain out of reach for many buyers.

A historically low number of homes were built in San Diego County in the first three months of 2019.

Lower interest rates and slower price growth helped to boost mortgage applications to purchase newly constructed homes during May, the Mortgage Bankers Association said.

One of the nation's largest homebuilders, Toll Brothers Inc., is looking to build a 913-house subdivision in Eagle, Idaho.