NVR Inc. reported a 27% drop in third-quarter net income as affordability pressure, higher lot costs and weaker demand squeezed homebuilding profitability, while its mortgage banking unit closed fewer loans.The Reston, Virginia-based builder and mortgage lender...
In brief: U.S. builder confidence fell to 29 in October, the lowest reading since 2012, while 43% of builders reported cutting prices. The NAHB index reflects pressure from borrowing costs and weak buyer traffic. U.S. homebuilder confidence fell to its lowest level in...
In brief: Homebuilders are pressing federal regulators to make wetlands permitting easier to predict as the Environmental Protection Agency and Army Corps of Engineers consider another revision to the definition of federally regulated waters.The National Association...
The United States is lowering trade-remedy duties on most Canadian softwood lumber imports, offering some relief to home builders while leaving a substantial tariff burden in place.Final results from the U.S. Department of Commerce’s seventh administrative...
The U.S. housing market has spent years arguing that it needs more homes. Builders are now sending a different signal: in many of the markets that produced the most new supply during the pandemic-era boom, they are pulling back. A new Zillow analysis released Sept. 14...
Euro-Area Housing Loan Demand Falls Sharply as Higher Rates Hit Borrowers
