Real Estate

CalAtlantic Homes continues growth with acquisition of Utah’s Candlelight Homes

CalAtlantic set to merge with Lennar to create nation’s largest homebuilder
CalAtlantic Homes, which is set to be acquired by Lennar in a $9.3 billion deal that will create the nation’s largest homebuilder, is not done acquiring other homebuilders yet. The homebuilder announced that it acquired the homebuilding operations of Utah’s Candlelight Homes.
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Roofstock Series C funding boosted to $42 million by new investors

Online marketplace for single-family rentals also passed $1 billion in transactions
Back in October, Roofstock, an online marketplace for single-family rental home investing, announced that it raised $35 million from seven different investors in its Series C round of funding. But, more investors apparently wanted the chance to fund the platform.
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New home construction rises in 2017, closes year on positive note

Housing starts, completions, and permits all increased over 2016
From the looks of it, 2017 ended up being a pretty decent year for new home construction. On Thursday, the Census Bureau and HUD provided a look at the December data on new home construction, and the report shows that building permits, housing starts, and housing completions all increased in 2017.
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Builder confidence falls at start of new year

But remain confident tax reform will bring greater economic growth
Builder confidence declined slightly at the start of 2018, according to the National Association of Home Builders and Wells Fargo Housing Market Index. However, NAHB explained that builders continue to remain confident that recently passed tax reform will promote economic growth.
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Direct-to-consumer title insurer OneTitle expands to New Jersey

Acquires “significant interest” in New Jersey’s Sovereign Title
Until now, direct-to-consumer title insurer OneTitle National Guaranty Company operated only in the state of New York. But thanks to a “strategic partnership” between OneTitle and New Jersey’s Sovereign Title Agency, OneTitle is expanding into the Garden State.
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Real estate tech execs gain more traction in this year's Swanepoel Power 200

But who is #1?
"The big news is that Gary Keller is number one, and a big reason is that Keller Williams is now the largest real estate brand by sales volume, not just agent size. That's a big move," said Aman Daro Vice President, Marketing of T3 Sixty. "There was lots of other movement, including leaders of innovative tech-centric companies like Glenn Kelman at Redfin, the Compass team, Purplebricks and Opendoor." Click here to see the list.
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Redfin expanding into Connecticut

Online real estate brokerage also adds Asheville, North Carolina
Redfin, the online real estate brokerage, is expanding. The company announced Tuesday that it is launching in Connecticut and expanding its operations in North Carolina.
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NAHB elects new leadership team for 2018

Four senior officers elected to leadership positions
The National Association of Home Builders announced it elected four senior officials to take over top leadership positions. The new leaders were announced Thursday at NAHB’s International Builders’ show in Orlando, Florida.
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HUD Secretary Carson honors Martin Luther King Jr. in Atlanta

"The time is always right to do what is right"
Today, the U.S. Department of Housing and Urban Development, along with the rest of America, honors the life and legacy of Martin Luther King Jr. HUD Secretary Ben Carson announced he would be celebrating the day in Atlanta, where he would also discuss with the city how it can work together with HUD.
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