Homebuilders

Central Texas new-home construction surged to an 11-year high in the third quarter, the latest numbers show.

A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods analysts.

Lennar Corp.'s record takeover of CalAtlantic Group Inc. is a bullish sign for homebuilding in the U.S. Trade groups, meanwhile, worry that lawmakers are about to kneecap the industry.

A flurry of new townhouses and suburban starter homes is helping boost homebuilding in the Twin Cities metro.

A larger-than-forecast decline in new-home construction reflected the weakest pace of building in the South since October 2015, showing the fallout from Hurricanes Harvey and Irma.

A rebound in homebuilders' confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data from the National Association of Home Builders/Wells Fargo.

Hurricanes Harvey and Irma affected new-home sales in Texas and Florida, resulting in a 7.5% year-over-year decline in mortgage applications to purchase these properties in September.

While the House disaster relief bill would provide $16 billion in debt relief for the National Flood Insurance Program, it does not include a Trump administration proposal to ban new construction in flood-prone areas.

In the San Fernando Valley, outside Los Angeles, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail shops and a concert venue.

Alarmed by a steadily worsening housing crisis, San Jose’s mayor has proposed construction of 25,000 residential units over the next five years in the Bay Area’s largest city.