U.S. homebuilder confidence fell to a 12-month low in September as higher mortgage rates and persistent affordability pressure pushed more builders to cut prices and lean on incentives to move new homes. The NAHB/Wells Fargo Housing Market Index dropped three points...
Mortgage demand for newly built homes weakened again in August, extending a five-month slide even as builders continued to convert enough buyers to keep estimated new-home sales above July’s pace. The Mortgage Bankers Association’s Builder Application Survey showed...
Some of the housing industry’s biggest companies, trade groups and nonprofits are joining forces around a message that has often splintered across local zoning fights and national affordability debates: the United States needs to make it easier to build homes....
The acquisition expands CoStar Group deeper into new-home construction data, builder software and residential real estate marketplaces. CoStar Group has completed its $800 million cash acquisition of Zonda, significantly expanding the real estate information and...
Federal Housing Finance Agency Director is threatening the homebuilder industry with “appropriate action” for not creating starter homes. In a post on his personal X account, Pulte cited an analysis from the investment banking advisory firm Evercore that said,...
Mortgage Rates Reach 7.40%, Highest Since November 2023
