Homebuilders

The builder's lending unit bought servicing and secondary market approvals that weren't part of Guild's previous acquisition of CCM's production and branding.

The postponement would pertain to Federal Housing Administration-insured single- and multifamily loans and other final determination dates that have not passed.

American lumber producers have alleged that the Canadian lumber system amounts to a subsidy — a charge Canadians deny — and the countries have fought over tariffs on those products for decades.

President Donald Trump is set to announce changes to the tariffs on Canada and Mexico he slapped on earlier this week, with potential relief for automobiles and other sectors, according to Commerce Secretary Howard Lutnick.

The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America's free trade agreement as soon as tomorrow, Commerce Secretary Howard Lutnick said Tuesday.

Tariffs, the employment pool and requirements to tap financing are potential roadblocks that need to be addressed in order to increase new builds.

President Donald Trump said he would plow ahead with new tariffs on Canada and Mexico starting Tuesday, a broadside against the two biggest US trading partners that underscores his push to remake global trade.

A Commerce Department investigation will examine whether exporters like Canada, Germany, and Brazil are dumping lumber into US markets at the expense of American economic prosperity and national security, officials said.

Implemented in January, the Biden administration rule addressed flood risk in designated zones, setting building levels that were higher than FEMA standards.

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.

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. 

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.

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.

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.

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.

The acquisition of Mann Mortgage in 2024 gave Synergy the foundation and knowledge base to launch a homebuilder division, its CEO said.

Some mortgage stakeholders say Trump's tariffs would make interest rates rise and housing costs shoot up.

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.

The homebuilder saw profits grow for the fourth straight quarter, even as the number of new orders decreased.

Sales of new US homes ended 2024 on a high note in December as customers took advantage of incentives from builders, leading to a second straight year of increased purchases.