Homebuilders

Canadian housing starts rose faster than economists forecast in November led by gains in Vancouver, adding to evidence the country's real estate market remains stable.

The nation is suffering from a housing affordability crisis and lower construction costs and increased government subsidies can ease the pain, consumers state in a National Association of Home Builders survey.

Toll Brothers Inc. reported its first drop in orders since 2014, led by a big falloff in California demand, a sign that high-end property markets are cooling. Shares slumped.

The San Diego region has no shortage of homes next to fire-prone hillsides covered in highly flammable chaparral and grasslands. The undulating, arid topography has carried flames at mind-boggling speeds in some of the state's most destructive blazes.

Clayton Properties Group, a builder specializing in prefabricated modular and manufactured homes, acquired Mungo Homes in a move to bolster the scale of its site-built housing.

Sales of new homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market.

After experiencing an unprecedented real estate renaissance for the last few years, the Philadelphia region is finally beginning to see housing prices slow.

New-home construction picked up in October on a rebound in apartments and other multifamily housing, offering some hope that the market is stabilizing despite rising prices and borrowing costs.

Confidence among homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve's debate over how far to raise interest rates.

Borrowers buying new homes produced fewer loan applications than they did a year earlier due to October's rising interest rates.