DRB Group is expanding further into mortgage finance with plans for two regionally focused joint ventures scheduled to launch in January 2027. The Gaithersburg, Maryland-based homebuilder announced Wednesday that it will establish DRB Mortgage in partnership with...
KB Home reported third-quarter net income of $65.3 million, down 41% from a year earlier, as net orders fell 12% and housing gross margin compressed. Executives said housing conditions have weakened since June as higher mortgage rates pressure affordability and buyer...
BREAKING NEWS: Berkshire Hathaway has significantly expanded its investment in Lennar, purchasing approximately $212.4 million of the homebuilder’s stock over three trading days and crossing the 10% ownership threshold that triggers accelerated federal...
Avila Real Estate Capital has closed $390 million in new institutional commitments and co-investments, adding fresh private capital for land, lot and construction financing across the U.S. homebuilding sector. The new commitments came from two unnamed institutions — a...
Single-family home construction bounced back sharply in August, but the industry’s forward pipeline weakened at the same time — a split that complicates any argument that the summer slowdown has run its course. Builders started single-family homes at a...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
