While the homebuilders weren’t surprised by the better-than-estimated new home sales report released Friday, some people were a bit shocked. But the forward-looking purchase application data was getting better from Nov. 9 up until the […]
With economic uncertainty and supply chain issues plaguing the industry, homebuilders pulled back last month. Homes were started at an estimated annual pace of 1.309 million in January, down 4.5% month over month, according to […]
Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. There is one simple […]
CNBC’s Diana Olick joins ‘Closing Bell’ to discuss homebuilders and whether the stocks are getting closer to a bottom. Source: www.cnbc.com
The post Homebuilders may finally be turning a corner as inflation stabilizes and lower mortgage rates bring buyers back into the market appeared first on Weekly Real Estate News.
As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. An estimated of 1.533 million housing units were started in 2022, down 3.0% compared to 2021, […]
After a sharp decline in July, new home sales rebounded in August, according to data released Tuesday by the U.S. Department of Housing and Urban Development (HUD)and the U.S. Census Bureau. Sales of new single-family homes in August […]
Housing is as hot a topic as ever. The airwaves are filled with stories of bidding wars for single-family homes, skyrocketing rents, supply chain bottlenecks, and rising interest rates and inflation. But have you ever […]
Freddie Mac officials say the volatility is causing purchase demand to wane. Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday showed two decreases in mortgage rates and one increase, signaling that economic volatility is causing […]
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