Articles Tagged with ''Homebuilders''

More investors take on build-to-rent housing trend

Slim profit margins on new builds have developers adopting a new strategy
Homebuilders are stepping up to the plate and becoming landlords in the latest growing housing industry trend: building homes just to rent them out. According to CNBC, more and more developers are now building entire communities of detached, single-family homes built specifically to rent as the cost of labor, land and materials make it hard to profit off the sale of a new build. 
Read More

Construction spending retreats 0.8% in May

Residential construction spending slides 0.7% from the previous month
Construction spending fell 0.8% in May to a seasonally adjusted annual rate of $1.29 trillion, the first drop in six months, the Census Bureau said. That’s down 2.3% from the May 2018 estimate of $1.32 billion. Outlays for private residential construction fell for the fifth straight month.
Read More

Homebuilders are becoming more confident with the housing market

But labor and material cost concerns still weigh heavy
Despite affordability and labor constraints, home builder confidence rose to 66 points in May, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said although the market is improving, builders continue to deal with factors that are holding back supply and harming affordability.
Read More

This is how America's housing affordability is impacting credit quality

Affordability has returned to average historical levels, and it's having a ripple effect
It's official: The era of unusually affordable housing has ended. Well, according to a recent Moody's Investors Services analysis. The organization claims that America's housing affordability has returned to average historical levels, therefore impacting credit quality across numerous housing-related sectors.
Read More

NAHB says homebuilders were more optimistic in April

Builders say “traffic” rises, but worker shortages continue
Homebuilder confidence in the market for new single-family homes rose in April as so-called buyer traffic increased to new developments. The index measuring current sales conditions rose to 69 points from 68, while buyer traffic jumped to 47 from 44. Expectations for the next six months fell to 71 from 72.
Read More

NAR's Yun says rates will "bifurcate" spring housing market

Cheap rates will drive the low end, while luxury segment "softens"
Sellers of houses near or below the U.S. median price of about $250,000 are going to see strong demand in the so-called spring selling season, said Lawrence Yun, chief economist for the National Association of Realtors. The high end of the market – homes priced above $750,000 – will have a tougher time, he said.
Read More

Homebuilder confidence stabilizes, hinting at solid spring home buying season

Builders say market is finding its footing following late 2018 slowdown
Despite affordability and labor concerns, homebuilder confidence held steady at 62 points in March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. In fact, NAHB Chairman Greg Ugalde said builders anticipate a solid spring home buying season.
Read More

Homebuilder confidence climbs as economy strengthens

February marks second consecutive month of gains for all HMI indices
Declining mortgage rates partnered with a healthy economy contributed to homebuilder confidence increasing two points to 62 in February, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said builder confidence levels moved up in tandem with growing consumer confidence and falling interest rates.
Read More

Movement Mortgage buying big piece of Lennar’s Eagle Home Mortgage

Acquiring retail operations of homebuilder’s mortgage arm
Movement Mortgage has been through a couple rounds of layoffs this year, but when the nonbank lender laid off 180 employees back in October, CEO Casey Crawford said the company had no plans to step back. And that’s just what the company has done. Movement Mortgage announced Wednesday that it is acquiring a big piece of Lennar’s mortgage arm, Eagle Home Mortgage.
Read More