Homebuilders

U.S. lumber prices, which already have risen in recent months due to lower production in Canada, could see further gains after President-elect Donald Trump's proposed tariffs on trade from north of the border.

"If he manages to get through the policies that he's proposing, that will be really bad news," says Desmond Lachman, an economist at the conservative American Enterprise Institute.

Developers "need those cuts badly" because many projects are financed at floating rates, Jorge Perez, founder and chief executive officer of Related Group, said in an interview on Bloomberg Television.

Housing starts decreased 3.1% last month to a 1.31 million annualized rate, reflecting a steep decline in the South, according to government data released Tuesday.

Confidence among U.S. homebuilders advanced to a seven-month high in November on a jump in sales expectations and optimism a Trump administration will ease regulatory burdens.

Residential construction companies facing their own construction cost burdens are continuing sales incentives that have cut into some of the largest players' profit margins.

The National Association of Homebuilder's chief economist lays out a timeline for the market, and describes how new construction today compares to existing home sales.

The joint venture with Smith Douglas Homes will expand Loandepot's market presence in states including Georgia, Alabama and Texas.

Price tags for the industry leaders' homes either stayed the same or declined from the same time a year ago.

Harvard University housing experts anticipate home improvement spending to rise in the next 12 months.

Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Friday, after a big rebound in August.

A measure of housing market conditions from the National Association of Home Builders and Wells Fargo increased for a second straight month in October.

The share of homes constructed in community associations rose for the first time in three years in 2023, the National Association of Home Builders reported.

Likely homeowners have two focuses when deciding on the gadgets they factor into property purchase decisions, according to the National Association of Home Builders.

The introduction of quarterly price data for the segment arrives as a certain type of factory-built home attracts favorable attention from consumers.

While the lock-in effect on existing supply has helped drive consumer interest in new construction, first-time buyers have been taking a greater share of that inventory.

U.S. housing starts bounced back in August after tumbling a month earlier, illustrating uneven residential construction as builders weigh inventory levels against brighter demand prospects tied to falling borrowing costs.