Homebuilders

Toll Brothers Inc. fell short of analysts' estimates for quarterly orders, signaling that fewer people are signing contracts to build homes as high prices and economic uncertainty hold some buyers back.

An index of market conditions from the National Association of Home Builders and Wells Fargo, in which below 50 means more builders see conditions as poor than good, edged down in February to 36, the lowest level since September.

Federal Housing Finance Agency Director Bill Pulte said in a social media post that action was imminent amid Trump administration antitrust investigations.

The homebuilder and lender DHI Mortgage, in responding to a RICO suit, say they clearly informed buyers of potential property tax hikes on their newly built homes.

Trump administration officials are exploring opening an antitrust investigation into US homebuilders as the White House sharpens its focus on tackling the country's housing affordability crisis.

Lennar Corp. and Taylor Morrison Home Corp. are among the firms that have worked on the proposal, which calls for builders to sell entry-level homes into a pathway-to-ownership program funded by private investors, according to people familiar with the plan. 

Confidence among US homebuilders unexpectedly fell in January, as costly sales incentives outweighed a recent boost from lower mortgage rates and the president's housing proposals.

NAHB's remodeling index finished at its highest mark in a year, with the current industry outlook standing in stark contrast to homebuilder sentiment.

Mortgage applications for new-home purchases decreased 15.2% on a seasonally adjusted basis in December, according to the Mortgage Bankers Association.

Sales of new homes in the US were little changed in October near the strongest pace since 2023 as builders lured anxious customers with price cuts and incentives.

Housing starts in the US fell in October to the lowest level since the onset of the pandemic as data delayed by last fall's government shutdown showed builders continued to cut back amid still-high prices and mortgage rates.

The number of remodeling establishments hit at a record high earlier this decade and now accounts for over 60% of home construction-related businesses.

New-home purchase activity rose 3.1% year over year, but dropped 7% from October, the Mortgage Bankers Association said.

Confidence among US homebuilders edged up in December as builders continued to deploy sales incentives to motivate buyers.

The class action suit doubles down on accusations that the homebuilder and its lending arm are deceiving borrowers about their monthly mortgage payments.

Manufactured housing could see eased lending rules if the defense bill removes the "permanent chassis" requirement, expanding FHA mortgage eligibility.

Gallego introduced legislation to amend the EB-5 immigrant investor visa program in order to funnel more money into the construction and rehabilitation of homes. 

Even to the detriment of greater profits, the sector is offering ultra-low terms via temporary buydowns combined with larger forward commitments.

In November, 41% of builders reported cutting prices, a record in the post-Covid period, according to Tuesday's report. More broadly, 65% reported using sales incentives, unchanged from the prior two months.

New-home mortgage applications dropped, but the annual sales pace was the strongest in over a year, the Mortgage Bankers Association said.