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Sales of new homes in the U.S. edged higher in January as builders and buyers capitalized on lower mortgage rates at the start of the year.
February 26 -
Since mid-January, "we have seen a meaningful uptick in demand that has continued through this past weekend," Toll Brothers Chief Executive Officer Doug Yearley said in an earnings call Wednesday.
February 21 -
U.S. new-home construction sank at the start of the year by the most since the onset of the pandemic, indicating the recovery in the housing market will be gradual as many buyers await a further decline in mortgage rates.
February 16 -
The National Association of Home Builders/Wells Fargo gauge of housing market conditions rose by 4 points to 48 this month, according to data released Thursday.
February 15 -
The company's building unit saw income slow, but the mortgage banking division number accelerated on both a quarterly and annual basis.
January 31 -
In the quarter, 80% of the homebuilder's mortgage customers used the rate buy-down incentive, the company said on a call with analysts.
January 23 -
Sekisui House Ltd. announced a $4.9 billion agreement on Thursday to buy MDC Holdings Inc., ikely the biggest U.S. purchase of a homebuilder by a Japanese company.
January 19 -
Lending activity among builders surged over 22% annually in December, but the growing share of FHA-backed borrowing in the segment took a step back for the first time in four months, the Mortgage Bankers Association said.
January 18 -
Single-family home construction fell by the most since July 2022, following a surge in November, while multifamily projects rose to a five-month high.
January 18 -
But the index is still well below pre-pandemic levels, suggesting momentum may be slow to build with borrowing costs still twice as high as they were two years ago.
January 17