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 […]
homebuilder
Japanese company to buy major Texas homebuilder for about $514 million
/cloudfront-us-east-1.images.arcpublishing.com/dmn/P3J45SYG6JD43MHBAM7USP6BRQ.jpg)
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 […]
Firms to watch with housing shortage set to benefit homebuilder stocks
Ariel Skelley | Digitalvision | Getty Images The double whammy of a declining stock market and rising interest rates has been pummeling homebuilder stocks this year, resulting in rock-bottom valuations. Those valuations make housing stocks look like the worst home in a bad neighborhood. But in reality, the industry is […]
‘Lots of stagflation in the new home market’: Homebuilder ETFs are struggling
Hi! In this week’s ETF Wrap, we look at the steep drop in homebuilder ETFs this year, as new homes sales have fallen in the U.S. amid high prices and rising interest rates. Please send tips and feedback to [email protected] You can also find me on Twitter at @cidzelis and […]
Latest homebuilder rankings provide peek into regional housing market
Construction at HHHunt Homes’ Rutland Grove subdivision in 2020. HHHunt ranked No. 2 on the Home Building Association of Richmond’s annual list of its top 10 member builders. (BizSense file photos) Business appears to remain strong among the area’s busiest homebuilders as the region’s housing market begins to show signs […]
This mega homebuilder is still having trouble finding garage doors, kitchen cabinets and windows
The supply chain challenges remain so tough in the housing industry that homebuilding giant KB Home (KBH) still can’t source enough garage doors, windows and cabinets. “Garage doors, windows, cabinets, HVAC equipment, and signing, all remain constrained within the supply chain,” said KB Home COO Robert McGibney on a Wednesday […]
U.S. homebuilder sentiment drops to seven-month low amid surging mortgage rates
/cloudfront-us-east-2.images.arcpublishing.com/reuters/Q6Z2PGUCBRO45ODNBU3WHZLUMM.jpg)
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 18 (Reuters) – Confidence among U.S. single-family homebuilders fell to a seven-month low […]
‘The housing market faces an inflection point’: Home-builder confidence declines as interest rates rise
The numbers: The National Association of Home Builders’ monthly confidence index once again fell two points from the previous month to a reading of 77 in April, the trade group said Monday. The index remains at the lowest level since September. Nevertheless, index readings above 50 indicate that more builders believe that conditions […]
Nugents file suit against Waco homebuilder, claim $1.5M home not safe from toxic mold
/cloudfront-us-east-1.images.arcpublishing.com/gray/ESKWZANY5ZEZLOMSLHDXHX6BQY.jpg)
WACO, Texas (KWTX) – Rock star and conservative political activist Ted Nugent and his wife are suing a Waco custom homebuilder, claiming he failed to build their $1.5 million home in China Spring in a manner to safeguard them from toxic mold that threatened their lives at their former home […]
Charlotte homebuilder has real estate license revoked after WBTV Investigation
/cloudfront-us-east-1.images.arcpublishing.com/gray/Q2CWVW2IHFDUBK5L7N7ASI6BTM.bmp)
CHARLOTTE, N.C. (WBTV) – A Charlotte homebuilder had his real estate license revoked after a WBTV Investigation exposed a pattern of financial problems that cost his customers thousands of dollars. The builder had so many liens against his homes he often couldn’t sell the properties, according to testimony and records […]