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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.
February 19
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Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts.
February 19
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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.
February 19
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Gahanna, Ohio was the hottest ZIP code for the second consecutive year.
February 19
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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.
February 18
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With proposed tariffs on homebuilding materials working looming and a cloudy forecast for mortgage rates, young homebuyers are facing increased volatility.
February 18
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A $1 billion assessment announced Tuesday for California's FAIR Plan, the state-mandated insurer of last resort, is expected to drive up premiums as companies will likely pass some of the costs onto homeowners.
February 13
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The latest refinance surge helped lift total application activity up for a second straight week, even as purchases fell, the Mortgage Bankers Association said.
February 12
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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.
February 11
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West Virginia has the lowest monthly mortgage payment of $1,838.
February 11
