Homebuilders

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.

Purchases of new homes advanced in May to a six-month high as sales in the South increased to the fastest pace since 2007, according to government data.

Resale inventory is at its lowest level in 18 years and new construction supply continues being outpaced by high demand, according to CoreLogic.

New-home construction rose more than projected in May to the fastest pace in more than a decade while permits cooled for a second month, indicating mixed progress in the supply-constrained housing market.

Sentiment among homebuilders fell in June to match the lowest level this year, reflecting sharply elevated lumber costs, according to a report from the National Association of Home Builders/Wells Fargo.

Century Communities has acquired the 50% of regional builder Wade Jurney Homes it didn't already own to boost its mortgage and title operations and reach more first-time homebuyers.

Regulation imposed by all levels of government accounts for 32% of multifamily development costs, according to the National Association of Home Builders and the National Multifamily Housing Council.

Mortgage applications for newly constructed homes declined in May as sales and supply are not keeping up with demand, the Mortgage Bankers Association said.

The Fed’s rate hike and its signal of two more increases to come this year will only add to investors’ worry that the U.S. housing market is getting too expensive.

Opendoor, a startup that uses computer algorithms to buy and sell homes, has closed a new fundraising round in a bid to supercharge growth.

Gov. John Bel Edwards vetoed legislation that would have asserted state authority over local zoning efforts aimed at creating affordable housing in gentrifying neighborhoods.