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Homebuilder sentiment fell to a nine-month low in October, the latest indication of the toll on residential real estate from soaring mortgage rates and declining affordability.
October 17 -
Analysts say major single-day declines are historically attractive entry points for builders. Homebuilding stocks have only seen 55 instances of single-day declines of more than 5% since the global financial crisis, according to the firm.
October 13 -
On average since 1970, new home sales volumes decline 7% month-over-month in September and 13% quarter-over-quarter in the final months of the year, according to analysts.
September 18 -
The National Association of Home Builders/Wells Fargo gauge declined 5 points to 45 after sliding 6 points a month earlier. That marked the largest back-to-back decrease in nearly a year.
September 18 -
Loan applications for single-family constructions jumped for the seventh month in a row, with increasing interest coming from first-time buyers, according to the Mortgage Bankers Association.
September 14 -
Decreased availability of bank capital for new commercial construction helped slow activity from the previous nine quarters, according to a new report.
September 8 -
Purchases of new single-family homes increased 4.4% to an annualized 714,000 pace after downward revisions to prior months, government data showed Wednesday.
August 23 -
The share is the largest on record for a second quarter, according to data from Redfin.
August 21 -
Lenders appear to be loosening underwriting a little and the construction industry may be on track to lower new home prices by 10%-15% this year.
August 16 -
Residential starts increased 3.9% last month to a 1.45 million annualized rate, according to government data released Wednesday.
August 16