Homebuilders

Homebuilders that get more than a 10th of their revenue from the U.S. have surged, but concerns over an economic slowdown have cast a shadow on stocks recently.

The company is emphasizing wider margins over volume, and leaning into its maturing renovation business.

The FHA share of new-home loan applications also increased to a new record high, according to the Mortgage Bankers Association.

A sizable decline in the South may have reflected the impact of Hurricane Beryl.

Confidence among U.S. home builders slipped for the fourth straight month to its lowest point of the year in August as high loan rates and home prices weigh on companies and buyers alike.

The administration will release $100 million in grant funds focused on slashing red tape at the state and local levels, and will advance other programs to increase home construction.

Government data reports from June, though, point to an inauspicious start for new construction in the current quarter.

A run-up in mortgage rates and a constrained resale market has enabled builders to capitalize on the fractured U.S. housing landscape.

The monthly pace of growth in applications for new single-family constructions fell for the first time in 2024, according to the Mortgage Bankers Association.

Year-over-year consumer dollars for home remodeling projects should drop 0.5% by 2Q25, after a 3% decline for the trailing 12 months, said the Joint Center for Housing Studies of Harvard University.