The homebuilder Tri Pointe Homes (NYSE: TPH) is expanding its footprint with the opening of a new division in Utah. The Incline Village, Nevada-headquartered company will base its Utah operations in the greater Salt Lake City region. Tri Pointe Homes cited Utah’s...
Single‐family housing starts in August were at a rate of 941,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Last month’s rate was 4.3% below the revised July figure of 983,000. Privately‐owned housing...
RE/MAX (NASDAQ:RMAX) has agreed to a $55 million settlement to resolve claims brought in two class action lawsuits that the company colluded with the National Association of Realtors to inflate commissions paid by home sellers. The company announced the settlement in...
Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the latest National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI) data. This follows a six-point drop in...
The Federal Housing Finance Agency (FHFA) is accepting membership applications for its Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee advises the FHFA on affordable, equitable, and sustainable housing issues, including...
Philadelphia’s Drexel University has announced plans to establish the Wilbur C. Henderson Real Estate Institute in the Bennett S. LeBow College of Business. The institute will serve as a center for research, teaching and outreach that connects industry leaders with...
Hits and Misses for the Real Estate Week of Aug. 10-14
