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Howard Lutnick's influence in housing today is primarily tied to tariffs but his firm also had a storied past in mortgages and was hit hard by the 9/11 attacks.
February 19
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Shares of all 18 members in the S&P Composite 1500 Homebuilding Index fell, sending the gauge to the lowest intraday level since December 2023, after results from luxury homebuilder Toll Brothers Inc. and key construction data Wednesday indicated the residential real estate market may be in store for more turbulence.
February 19
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New residential construction decreased 9.8% to an annualized pace of 1.37 million last month, slipping after a nearly 16% surge in December, according to government data released Wednesday.
February 19
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Builder confidence had surged following Trump's election win but home financing costs stuck around 7% in recent months have sapped demand and sent builder stocks tumbling.
February 18
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At the same time builders and lenders report contracting credit on offer, sentiment in the residential construction industry improved in the latter half of 2024.
February 14
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Similar import taxes on steel and aluminum were imposed by President Trump during his first term, albeit at a lower rate for the latter material.
February 11
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The acquisition of Mann Mortgage in 2024 gave Synergy the foundation and knowledge base to launch a homebuilder division, its CEO said.
February 10
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Some mortgage stakeholders say Trump's tariffs would make interest rates rise and housing costs shoot up.
February 4
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President Donald Trump said he would impose tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enact sweeping trade levies well beyond those set to hit China, Canada and Mexico on Saturday.
January 31
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The homebuilder saw profits grow for the fourth straight quarter, even as the number of new orders decreased.
January 28
