Canceled for convenience: North Texas family loses home after builder backs out without warning A North Texas family says they have a warning for anyone who’s buying a home from a builder. Just days before closing on their forever home, their builder backed out. Turns out the builder’s contract they […]
Home Builder
What April’s New-Home Construction Data Says About the Housing Market
Text size In April, one-unit housing starts fell 7.3% month over month. Stefani Reynolds/AFP via Getty Images Gauges of new-home construction showed signs of a slowing housing market, according to preliminary data released Wednesday—but not every part of the market appears to have slumped. Building permits in April fell 3.2% […]
Homebuilder ETFs Fall As Home Equity Notches Fresh Highs
Despite recent concerns that the housing market could be slowing amid rising interest rates, collective home equity has reached fresh highs. Available funds for money mortgage holders to take from their homes while still keeping a 20% equity cushion climbed by a historic $1.2 trillion in Q1 of 2022, according to […]
Philly-area home builders continue to struggle even as buyer demand slows
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Home builders are ordering from Kieffer’s Appliances in Lansdale before they break ground. For some products, there’s a yearlong wait. “People can’t believe this is still going on,” said Jace Kieffer, vice president of the regional retailer. “And yeah, we’re still in the heart of it.” Supply chain problems hit […]
Japanese company to buy major Texas homebuilder for about $514 million
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A global homebuilder and developer has made a big play in the Texas housing market, continuing a series of investments in the region by Japanese companies. Osaka, Japan-based Sekisui House Ltd., one of the largest homebuilders in Japan, has agreed to buy Chesmar Homes LLC in a roughly $514 million […]
Big landlords jump into the homebuilding as demand for single-family rentals surges
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more […]
Julius Mehrberg, a Staten Island home builder who developed properties throughout New York City, dies at 92.
STATEN ISLAND, N.Y. — Julius Mehrberg, a home builder and developer of single and multi-family homes in Manhattan, on Staten Island, in Brooklyn, Queens, and on Long Island, died May 26 in his Jupiter, Fla. home. He was 92. Mr. Mehrberg, a first generation American to parents Louis and Ettel […]
Pace of Colorado Springs home construction rises in May, despite higher mortgage rates | Subscriber-Only Content
Higher mortgage rates don’t appear to have slowed the pace of Colorado Springs-area home construction, though some builders say the impact — if any — still might be a few weeks or months away. The Pikes Peak Regional Building Department issued 355 permits to builders and individuals in May for the construction […]
Homebuilders stay busy as supply woes ease, interest rates rise
File photo As climbing prices and increased interest rates continue to push home ownership out of reach for many families, the numbers are out on how much new home construction costs in each state. The cost to build a home in California is exceeded by only two other states — Alaska […]
Multiple families left with liens, half-finished homes after builder files bankruptcy :: WRAL.com
By Keely Arthur, WRAL 5 on Your Side reporter Eight families were left with a mountain of debt and no home to show for it after a local home-builder they hired took tens-of-thousands of dollars from them – then declared bankruptcy. Joseph Knowles is one of them. He and his wife […]
Australia’s largest home builder narrowly staves off collapse as construction crisis mounts
Metricon, Australia’s largest home builder, struck a deal on Friday for an emergency doubling of its working capital credit facility, in an effort to stave off bankruptcy amid a mounting crisis in the country’s construction sector. The possible collapse of Metricon threatens the jobs of about 2,500 directly employed workers, […]
Shocking Things Homebuilders Wish You Knew About Designing a House
Admit it: You’ve wondered what it’s like to build your own home. Who hasn’t fantasized about seeing their dream floor plan and fixtures come together before their very eyes? That’s the fun part, but the actual process of building a home can be complicated. I know a lot about this […]