M/I Homes reported a 38% decline in third-quarter net income as the homebuilder faced softer demand and lower margins, adding to evidence that elevated financing costs continue to weigh on the new-home market.The Columbus, Ohio-based company reported net income of...
In brief: U.S. housing starts were estimated at a seasonally adjusted annual rate of 1.221 million in September, down 5.2% from August. Single-family permits fell 4.0% to an 845,000 annual pace, a more direct warning for builders planning their next projects. The...
In brief: British listed housebuilders have issued more profit warnings in the first nine months of 2026 than during all of 2008, according to a new corporate earnings analysis. Higher financing and building costs are colliding with cautious buyers.Six UK-listed...
British homebuilder Bellway ended its latest financial year with more completed homes and higher profits, then warned that production is likely to fall in the year ahead. The reversal offers a view of how higher mortgage costs can hit a builder’s order book even...
Hines has acquired the 1,476-acre Brown Ranch in western Fort Worth, Texas, for a master-planned community expected to contain approximately 3,800 homes at full buildout. The land purchase is complete, according to the developer’s October 5 announcement, but the...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
