Homebuilders

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.

Confidence among U.S. home builders rose in September for the first time in six months, just before the Federal Reserve is expected to cut interest rates from the current two-decade high.

Homebuilders that get more than a 10th of their revenue from the U.S. have surged, but concerns over an economic slowdown have cast a shadow on stocks recently.

The company is emphasizing wider margins over volume, and leaning into its maturing renovation business.

The FHA share of new-home loan applications also increased to a new record high, according to the Mortgage Bankers Association.

A sizable decline in the South may have reflected the impact of Hurricane Beryl.

Confidence among U.S. home builders slipped for the fourth straight month to its lowest point of the year in August as high loan rates and home prices weigh on companies and buyers alike.

The administration will release $100 million in grant funds focused on slashing red tape at the state and local levels, and will advance other programs to increase home construction.

Government data reports from June, though, point to an inauspicious start for new construction in the current quarter.