Homebuilders

The reliance on nonconventional financing to fund new single-family housing is dropping, with the share accounting for less than a third of the market for the second year in a row.

Housing market conditions pushed affordability to a 10-year low in the second quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

From Denver to Pittsburgh, here's a look at the top 10 housing markets where homeowners are taking advantage of home improvement loans.

July's new-home sales were at their highest pace since April, leading to a 3.5% year-over-year increase in mortgage applications to purchase recently constructed homes, the Mortgage Bankers Association said.

Hundreds of families displaced by Northern California's fires could face another challenge to rebuilding their homes — a persistent shortage of construction workers.

The 55+ housing market showed continued strength in the first quarter on healthier economic conditions, but high lumber prices are causing hurdles for homebuilders trying to keep up with consumer demand.

Local homebuilding remained on a hot streak as through the first seven months of this year, single-family permits totaled 2,500 or 22% higher than the same period in 2017.

Housing markets with the strictest land-use regulations saw home price appreciation shoot up by more than double the rate of those with lighter regulations, despite similar job growth, according to Zillow.

Homebuilding industry leaders are pledging to train more laborers as part of an executive order from President Trump, marking an important step forward for the residential construction sector.

Homebuilders are sinking — and blame that on disappointing economic data and earnings reports that trailed estimates.

Purchases of new homes fell in June to the slowest pace in eight months, while the median selling price declined to the lowest in more than a year.

Lennar Corp., the Twin Cities' top homebuilder, plans to convert the vacant land commonly referred to as the "Prince Property" into a neighborhood with 200 market-rate and luxury houses.

New-home groundbreaking and permits fell in June to the slowest pace in nine months, as higher mortgage rates and elevated costs for labor and materials pinch the housing market.

Confidence among homebuilders held steady in July, matching the lowest level of the year, as solid job gains support demand while elevated material costs pressure developers.

Public builder Beazer Homes USA plans to buy privately held Venture Homes for $65 million in a move that could make mortgage lending in Atlanta more competitive.

Hanging over the Sonoma County, Calif., housing market is the damage done by the most destructive wildfires in state history. The fires of October claimed 24 lives and burned nearly 5,300 homes in the county.

Of the 5,500 housing-unit building permits issued by the city between 2015 and 2017, only 98 were for apartments or houses that people with salaries in the minimum wage range or a little higher could afford.

Homebuilders in the Twin Cities are having their best summer in more than a decade as permits to build single-family houses outpaced last year for the second month in a row.

KB Home attributed significant growth in its building and mortgage income to first-time homebuyer activity and new lending technology in its fiscal second quarter.

On his 1.5-acre lot near Kincaid Park in Anchorage, Chris Herman wanted to build a detached garage with an apartment on top, as a future home for his aging parents.