Homebuilders

Movement Mortgage is purchasing the entire retail production division of Lennar's Eagle Home Mortgage subsidiary, although the homebuilder will still have a home finance business on its books.

The mortgage industry faces myriad questions and challenges in 2019. Here's a look at 12 executives who will be behind the waves being made this year.

Builder Taylor Morrison Home Corp. has launched a program that lowers the rate on its lending subsidiary's mortgages for two years through a new buydown program.

The city of St. Augustine, Fla., is expected to get an abundance of new apartments and houses, and some of them are taking shape now.

New-home construction rebounded last month to the best pace since August while permits rose to a seven-month high, a sign homebuilding is potentially stabilizing even as higher prices and borrowing costs pose headwinds.

Sentiment among homebuilders fell in December to the lowest level since 2015, missing all forecasts and signaling that the industry's struggles are intensifying amid elevated prices and higher borrowing costs.

Housing could be in for a slowdown as three indicators of new- and existing-home construction activity fell year-over-year for the first time since 2011, according to BuildFax.

Despite an abundance of new central Ohio apartment complexes, the region is not building anywhere near enough housing, according to the Building Industry Association of Central Ohio.

Mortgage applications to purchase newly constructed homes continues to decline, driven by affordability concerns among potential buyers, the Mortgage Bankers Association said.

D.R. Horton Inc. is planning to buy Terramor Homes' building operations for $60 million in cash, expanding the potential customer base for the larger company's in-house lending unit.