Homebuilder stock woes deepen as rates hurt affordability
In a week where homebuilding stocks were faced with surging U.S. Treasury yields and data showing weakening demand for homes, one analyst is throwing in the towel on the sector.
Homebuilders
COVID effects drove homebuilders outside the city
Consumer demands for lower density and more affordable prices fueled a larger share of construction outside urban cores, but recent trends have led to slowdowns across the board.
New-home sales fall, reflecting broader industry trends
Activity is coming in at or below 2020 levels according to reports from the Mortgage Bankers Association and Redfin.
Homebuilder costs edge higher, as industry mood sours
Despite some moderation in overall supply prices, concrete products are running consistently higher.
Homebuilders face headwinds on multiple fronts
New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.
Housing permits down, sale inventory up in reversal from early 2022
The slowdown in new single-family construction is one of several headwinds homebuilders find themselves facing this summer.
Housing construction is near a 49-year high, but is it enough?
Industry leaders suggested they’ve "never felt so worried at a time when everything feels so good otherwise," said Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.
Costs of home construction up 20% from last year
Lumber prices have wavered, but gypsum, steel and transportation were still on the rise in the past month, according to a National Association of Home Builders analysis.
Higher construction costs force new home buyers to seek larger loans
December's average balance for a mortgage to purchase a newly constructed property set an all-time high, the Mortgage Bankers Association's Builder Application Survey found.
New-home loans increased month-over-month in August
Applications were up 9% compared to July’s total, while the average price for newly built houses hit a record.
U.S. homebuilder sentiment rises for first time in five months
U.S. homebuilder sentiment rose in September amid lower lumber prices and strong housing demand.
Multifamily construction picks up in smaller cities
Single-family home construction also increased across communities of all sizes, but notably in outlying metro areas.
Rising interest rates contribute to mortgage volume drop
But average loan sizes remain near record highs, with summer purchases of new constructions continuing to drive up prices.
New-home loan volume drops to 13-month low in June
Meanwhile, the average new-home mortgage price climbed to a new all-time high, according to the Mortgage Bankers Association.
While volume dropped, new-home loans hit a price record in May
Demand was strongest at the high end of the market, which pushed loan amounts up for the fourth straight month.
Why Fannie Mae’s appetite for green single-family loans is growing
Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to keep it going.
What Election 2020 uncertainty means for mortgage lending
The race enters a complicated phase that could impact financial markets.
Housing starts fall more than forecast on multifamily drop
Home starts fell more than forecast in August, reflecting less construction of apartments and a decline in the tropical storm-hit South, representing a pause in momentum for a housing market that's been a key source of fuel for the economy.
Mortgage originations set for a record year, Fannie Mae predicts
Low rates, along with increased new and existing home sales activity drives the latest forecast.
Lenders in the construction market hold their breath as economy reopens
The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.
Load More
Couldn’t load more articles. Try again.