Homebuilders

The nation is suffering from a housing affordability crisis and lower construction costs and increased government subsidies can ease the pain, consumers state in a National Association of Home Builders survey.

Toll Brothers Inc. reported its first drop in orders since 2014, led by a big falloff in California demand, a sign that high-end property markets are cooling. Shares slumped.

The San Diego region has no shortage of homes next to fire-prone hillsides covered in highly flammable chaparral and grasslands. The undulating, arid topography has carried flames at mind-boggling speeds in some of the state's most destructive blazes.

Clayton Properties Group, a builder specializing in prefabricated modular and manufactured homes, acquired Mungo Homes in a move to bolster the scale of its site-built housing.

Sales of new homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market.

After experiencing an unprecedented real estate renaissance for the last few years, the Philadelphia region is finally beginning to see housing prices slow.

New-home construction picked up in October on a rebound in apartments and other multifamily housing, offering some hope that the market is stabilizing despite rising prices and borrowing costs.

Confidence among homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve's debate over how far to raise interest rates.

Borrowers buying new homes produced fewer loan applications than they did a year earlier due to October's rising interest rates.

Now that Akron, Ohio, has named the buyer, the estimated $20 million redevelopment of the CitiCenter Building joins a glut of downtown projects competing for private funding, public tax breaks and future tenants.

Beazer Homes USA is working to encourage competition among its approved lenders in order to help control upward pressure on home prices and lending rates that could slow sales.

After more than doubling local home starts in the last decade, don't expect Dallas-Fort Worth builders to increase construction by much in 2019.

Rising home prices and climbing mortgage rates pulled down affordability to the lowest point since before the housing market crash.

D.R. Horton Inc. fell the most in more than three years after executives at the builder said the market for homes is getting "choppy" and that the pace of order growth may slow next quarter.

Minnesota Housing will invest $87.5 million in 1,700 new and existing housing units for low-income Minnesotans this year.

Lennar Corp. is selling a portion of its Rialto business to Stone Point Capital for $340 million, adding to Stone Point's holdings in the real estate and financial industries.

After a massive fire gutted the Ice House townhome project in West Oakland recently — the latest in a series of suspicious blazes targeting residential construction projects — developers and housing experts say the fallout could ultimately hit the pockets of Oaklanders already struggling to rent or own homes in the city.

Despite rising mortgage rates and a dismal start to the fall, homebuilders in the Twin Cities are picking up the pace.

Purchases of new homes fell more than estimated in September to the weakest pace since December 2016, adding to signs that a lack of affordability is crimping demand, according to government data.

Builder M/I Homes set third-quarter records in four areas and recorded consistent levels of mortgages held for sale in its most recent earnings results.