Items Tagged with 'Homebuilders'

ARTICLES

  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • PulteGroup accused of hiding shoddy homebuilding from buyers

    Settles with Florida for allegedly building homes that were not to code
    PulteGroup and its subsidiary, Pulte Home Company, allegedly built homes in the state of Florida that were not to code and hid that information from homebuyers, according to the office of Florida Attorney General Pam Bondi. Bondi’s office said that it reached a settlement with the Pulte companies after a two-year investigation found that Pulte allegedly failed to disclose to certain Florida buyers that some of its homes were being built in violation of applicable building codes.
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  • 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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