Articles Tagged with ''Homebuilders''

D.R. Horton boosts Iowa homebuilding business by acquiring Classic Builders

D.R. Horton will pay $60 million for acquisition
D.R. Horton is set to grow its homebuilding business in the state of Iowa, as the homebuilder announced Tuesday that it acquired Classic Builders, one of the largest homebuilders in Des Moines. According to D.R. Horton, it expects to pay approximately $60 million in cash for Classic Builders and its homebuilding assets.
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Airbnb is getting into the homebuilding business

Will build homes designed for sharing
There’s about to be a new homebuilder on the market, and it’s a name that you’re likely familiar with – Airbnb. Yes, the short-term rental platform, which to this point has specialized in helping people rent out their houses or apartments, is going to start building homes of its own, ones that are designed to be shared.
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Experts: Housing starts signal trouble ahead

Inventory and affordability concerns create supply and demand stalemate
In October, growth in housing starts was propelled by development in the multifamily sector, but some experts are warning that there could be trouble ahead for the housing market. In fact, several believe that affordability and inventory concerns are contributing to a turn in the market, negatively impacting homebuilder confidence.
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Homebuilder confidence falls as affordability concerns grow

Interest rates, home prices hindering builder optimism
Affordability concerns contributed to homebuilder confidence falling eight points to 60 in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said for the past several years, shortages of labor and lots along with rising regulatory costs have led to a slow recovery in single-family construction.
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Homebuilder confidence increases slightly in October

Declining material costs and strong economy contribute to gain
Homebuilder confidence rose one point to 68 in October, according to the National Association of Home Builders/Wells Fargo Housing Market Index. "Builders are motivated by solid housing demand, fueled by a growing economy and a generational low for unemployment," NAHB Chairman Randy Noel said.
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Construction spending increases 0.1% in July

July 2018 is 5.8% above July 2017
The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2018 was estimated at a seasonally adjusted annual rate of $1.32 billion, 0.1% above the revised June estimate of $1.31 billion.
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Homebuilder confidence falls to lowest level in 2018

Affordability contributes to slight decline
Concerns about market affordability contributed to homebuilder confidence falling one point to 67 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said builders are monitoring how tariffs and the impending trade war are affecting key building material prices, including lumber.
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Decreasing home sales signal homebuilder pessimism

New home sales decrease 5.3% in June
New home sales decreased in June but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
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Housing starts drop 12.3% in June

Labor and supply holding construction back
Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. LendingTree Chief Economist Tendayi Kapfidze said although 3-month average building permits are close to the highest level since 2007, labor shortages are weighing on building activity.
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Homebuilder confidence remains steady in July

Rising cost of materials haunt homebuilders
Builder confidence in the market for newly built single-family homes remained unchanged at 68 points in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Homebuilders are encouraged by the growing housing demand, but construction material costs still hinder optimism, according to NAHB Chief Economist Robert Dietz.
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