Homebuilders

Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma.

Hurricane Irma hit Central Florida’s home construction industry in more ways than one.

Americans view homeownership as more important than having kids, but less important than achieving career goals, according to Reportlinker.

Lennar Corp. anticipates that hurricane-related damage will delay its new-home deliveries temporarily, adding to home-inventory challenges in the mortgage market in the short-term.

Newly married and in their mid-20s, San Clemente, Calif., residents Josh and Kayleigh Hyink were ready for the next step in their "master plan."

With interest rates lower than expected and existing-home prices driving demand, applications for new-home purchases grew in August.

The number of permits filed for single-family homes in Indiana increased 10% in July compared to the same time last year.

Vice President Mike Pence warned that housing for storm victims is emerging as the top long-term challenge in the recovery from Hurricane Harvey as he arrived in Texas on Thursday to view the damage and meet with survivors.

The volume of homes sold to first-time buyers during the second quarter reached a high not seen since 1999 and accounted for more than half of purchase mortgage originations.

Contributing to the high losses is the fact that Texas, despite being one of the states most vulnerable to storms, has one of the most relaxed approaches to building codes, inspections and other protections.

With inventory still low, home prices continued to rise in the second quarter of 2017.

Housing starts faltered in July on an abrupt slowdown in apartment construction and a modest decline in single-family homebuilding that shows the industry will do little to spur the economy.

Sentiment among American homebuilders unexpectedly increased to a three-month high as builders saw greater prospects for industry demand despite elevated material costs and shortages of labor and lots.

Housing affordability dipped as rising home prices offset a quarter-point drop in mortgage interest rates.

Newly constructed home purchase mortgage applications were down by 12% compared with June, but the data indicates housing starts won't drop as much as expected.

Canadian home construction is on pace for its best year since the 2008-2009 recession, with builders showing no sign of being slowed by rising interest rates or fears of a housing correction.

Resolute Forest Products is confident that U.S. import duties on softwood lumber won’t impact its future earnings because the Canadian company expects to be reimbursed for the levies paid.

Old pastures, tired citrus groves and vacant land are quickly transforming into metro Orlando neighborhoods, with about 4,000 new houses underway during the most recent quarter, a new study shows.

After launching construction lending support via Encompass in February, Ellie Mae sees shrinking construction loan closing times and increased volume.

Housing construction in the Twin Cities metro rose nearly 17 percent in July, but most of that gain was apartments.