Items Tagged with 'Homebuilders'

ARTICLES

  • 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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  • Beazer Homes buying Atlanta competitor Venture Homes for $65M

    Deal allows Beazer to grow Atlanta-area business
    Beazer Homes is expanding again. Back in December, Beazer expanded its Carolinas operation by acquiring Bill Clark Homes for nearly $30 million. The homebuilder announced this week that it is acquiring Venture Homes, a private homebuilder in Atlanta, for approximately $65 million.
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  • More homebuilder consolidation: Century Communities buys Wade Jurney Homes

    Deal creates nation’s 10th largest homebuilder
    The consolidation of the homebuilding industry continues. Last week, Taylor Morrison announced that it is acquiring fellow homebuilder AV Homes in a deal valued at nearly $1 billion. Next up is Century Communities, which announced Friday that it is acquired the remaining 50% of Wade Jurney Homes in a deal that creates the nation’s 10th largest homebuilder.
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  • Homebuilder merger: Taylor Morrison buying AV Homes in nearly $1 billion deal

    Grows Taylor Morrison’s portfolio in Florida, Carolinas, Arizona, Texas
    There’s about to be more consolidation in the homebuilding industry. Last year was all about Lennar, which acquired WCI Communities, a Florida-based luxury homebuilder, for $963 million, and later, bought CalAtlantic Group in a $9.3 billion deal that created the nation’s largest homebuilder. Now, it’s Taylor Morrison’s turn.
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  • Homebuilders see boost in confidence in May

    Builder confidence increases two points
    Homebuilder confidence rose two points to 70 in May after a downwardly revised April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. The tough break is what everyone has been talking about lately: rising building costs are making it nearly impossible to meet the demand for reasonably priced starter homes.
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