Homebuilders

Home Depot Inc. sales returned to growth in the second quarter as shoppers invested in smaller projects, such as lighting and gardening.

Lower interest rates and homebuilder concessions brought borrowers to the table, according to the Mortgage Bankers Association's latest report.

President Donald Trump will sign an executive order on Thursday imposing new tariff rates on trading partners that take effect Friday, the White House said. 

Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020.

New residential construction increased 4.6% to an annualized rate of 1.32 million homes last month, picking up after an almost 10% slide in May, according to government figures released Friday.

Despite upticks in new-home mortgage applications and homebuilder sentiment, analysts worry that interest rates will continue to cool the market.

New limits for forward commitments add to indications the secondary mortgage market is watching builder partnerships with home lenders closely.

A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.

Median home prices rose by 1% to a record high, but sellers are taking lower offers as the market shifts towards the buyers' favor.

Confidence among US homebuilders fell to the lowest level since December 2022 in June, with potential buyers deterred by high mortgage rates and anxiety about tariffs and the economy. 

Housing permits fell for the fourth consecutive month as builders pull back on construction amid high costs and uncertain demand.

Steady construction and weaker demand caused the first seasonally-adjusted dip in home values since 2022, signaling a move into a buyer's market.

Following an appearance on Fox Business by NAHB's CEO this week, the U.S. Lumber Coalition labeled the homebuilding trade group a Canadian ally.

Wall Street is cranking up the bond machine as US homeowners, finding that buying a new house is out of reach since mortgage rates started climbing in 2022, are instead getting home equity loans and sprucing up their current properties.

The regulator has postponed the building code in question, but is otherwise battling the challenge raised during the Biden administration.

A growing supply of unsold inventory applied downward pressure on prices, offering home buyers some relief, the Mortgage Bankers Association said.

Some policies the industry group is calling for the Office of Management and Budget to definitively rescind have already been pulled back to some degree.

The builder reported increased revenue from a year ago, with profits near par, as it sets to absorb new acquisitions across different lines of business.

Homebuilding industry CEOs said tariff impacts would likely be felt in the back half of the year, but affordability concerns are applying pressure now.

The homebuilder agreed to acquire Alliant National in a transaction announced last October, with this deal closing after the Cherry Creek mortgage purchase.