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Purchases of new single-family homes decreased 10.9% to a 603,000 annualized pace following an unexpected gain in August, government data showed Wednesday.
October 26 -
PulteGroup Inc. reported plunging demand for its homes and a spike in canceled deals for the third quarter. But the shares rose, showing just how the bar has been "lowered" for builders navigating the U.S. housing slump.
October 25 -
In a week where homebuilding stocks were faced with surging U.S. Treasury yields and data showing weakening demand for homes, one analyst is throwing in the towel on the sector.
October 23 -
New-home mortgage applications fell 13.2% on an annual basis, while average purchase sizes declined for the fifth straight month.
October 18 -
The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that's lingered since the early days of the pandemic: snarled supply chains.
September 30 -
A gauge of U.S. homebuilder sentiment declined for a ninth straight month in September as mortgage rates continued to climb, further accelerating the housing-market cool-down.
September 19 -
No U.S. region reported growth in issuances, with the number falling off the most in the Midwest.
September 16 -
Consumer demands for lower density and more affordable prices fueled a larger share of construction outside urban cores, but recent trends have led to slowdowns across the board.
September 6 -
Listing inventory is returning to levels not seen since before the pandemic, but building material shortages and supply chain issues continue to have an impact on new construction.
August 31 -
Sales of new US homes fell in July for the sixth time this year to the slowest pace since early 2016, extending a months-long deterioration in the housing market fueled by high borrowing costs and a pullback in demand.
August 24 -
Activity is coming in at or below 2020 levels according to reports from the Mortgage Bankers Association and Redfin.
August 22 -
New U.S. home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in inventory.
August 16 -
Despite some moderation in overall supply prices, concrete products are running consistently higher.
August 15 -
A gauge of U.S. homebuilder sentiment declined for an eighth-straight month, marking the worst stretch since the housing market collapsed in 2007 amid higher borrowing costs and elevated prices.
August 15 -
Rising insurance costs and pricier fire resistant building materials are testing how the second most expensive state responds to climate emergencies
August 15 -
It is a reversal of too little inventory that plagued the past two years.
August 9 -
Builders across the U.S. have been cutting prices and offerings deals so houses don't sit empty.
July 22 -
New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.
July 19 -
The slowdown in new single-family construction is one of several headwinds homebuilders find themselves facing this summer.
July 15 -
Industry leaders suggested they’ve "never felt so worried at a time when everything feels so good otherwise," said Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.
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