Homebuilders

While not-in-my-backyard activists have long fought new developments, local officials and business groups across the South say they've seen a heightened level of anger since the pandemic-era growth.

Borrowers still sought opportunities in the homebuilder market with activity trending upward for over a year, even as existing inventory showed signs of expanding.

Housing starts increased 5.7% to a 1.36 million annualized rate after downward revisions to prior months, according to government data released Thursday.

The National Association of Home Builders/Wells Fargo index of housing market conditions fell by 6 points to 45 in May, the lowest level since the start of the year.

While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.

Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.

Residential starts decreased 14.7% in March to a 1.32 million annualized rate, the lowest since August, government data showed Tuesday.

The National Association of Home Builders/Wells Fargo index of housing market conditions held at 51 in April, still the highest since July but breaking a string of four straight monthly gains, according to data released Monday.

Lumber prices climbed higher for the first time since July, but prospects for single-family construction to grow look promising based on early-year data.

U.S. residential starts increased 10.7% in February, the largest since May, to a 1.52 million annualized rate, government data released on Tuesday disclosed.