A prolonged government shutdown could create delays for homebuilders and first-time buyers if the Federal Housing Administration remains closed for longer than a few weeks, an analyst with Sterne Agee claimed Tuesday.
[Ryland] took pretax charges of $60.4 million for inventory valuation adjustments. New orders dropped 31.6%. The company said its inventory of unsold homes stood at 719 units at the end of September, down 12.6% from the end of 2007...
(At Pulte) Net new home orders for the quarter totaled 3,008 homes, a 34% decline from the same period a year ago.
We have to ask -- in light of today's news that both KB Home and Ryland are planning to roll out nationwide price protection guarantees -- can anyone else without a guarantee sue to get one? We at HW could see plenty of pissed-off borrowers who bought and weren't offered price protection.
In what was the most competitive awards program to date, HousingWire is proud to recognize the professional accomplishments of 30 women -- spanning every sector of the U.S. housing economy. Read the stories of our 2014 honorees, and be inspired..
If fair housing bluster were an Olympic event, the podium would be crowded with politicians and corporate mouthpieces. The injustice that once provoked marches and protests now evokes photo-ops and press releases. But have things truly changed? Read More
The sweeping CFPB TILA-RESPA integrated disclosures roll-out will affect almost every residential mortgage loan application that is submitted to a creditor on or after this date. Here, industry expert Jerry Halbrook dives into a breakdown of the wide-ranging impact of the new rule. Read More