Last year’s 3 percentage point increase in mortgage rates, coupled with home prices that jumped over 40% during the Pandemic Housing Boom, has priced out millions of homebuyers. That sharp buyer pullb...
Tag: homebuilders
Stormy Times For Homebuilders
All of homebuilders’ positive factors have turned negative getty Homebuilding cycles are lengthy and today’s is firmly headed downward. Here’s why… Homebuilding cycles are crea...
Homebuilders say steeper downturn is coming as buyers pull back
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarm...
Get Ready For Another Lumber Rally As Homebuilders Anticipate 2023 Rebound
CHICAGO, ILLINOIS – APRIL 05: Stacks of lumber are offered for sale at a home center on April 05, … [+] 2021 in Chicago, Illinois. Lumber prices have more than tripled since last April due...
KeyBanc analyst Ken Zenner says its time to invest in homebuilders
The rise of interest rates brought an increase in mortgage rates, progressively weakening the US housing sector. Google trends showed that consumers are worried about a real estate market crash in the...
More homebuilders lower prices, sentiment falls for ninth straight month
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters More builders are lowering prices for homes as their confidence in the market continues to tum...
‘It’s a remarkably uncertain time’: Redfin CEO warns of rapidly cooling housing market — says deals under contract are being cancelled
After a stellar two-year run, the housing market is sputtering as buyers pull back sharply. One real-estate chief said the market is indeed course-correcting, and it’s getting hard to make a deal as m...
BofA downgrades three homebuilders as housing downturn accelerates
Analysts from Bank of America cutting their rating on shares of three homebuilders in a note out Thursday as the housing market faces an economic slowdown. Rafe Jadrosich at Bank of America Global Res...
China’s strong recovery in doubt despite the additional support to homebuilders
The Chinese property sector has fallen on hard times, as it seems, due to property developers taking on more work and more loans than they were able to deliver on, causing a spiral of defaults, ire, a...
U.S. is in housing recession, homebuilders say
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family home...
Housing affordability plunges to lowest level since 2006. The property market’s ‘great slowdown’ is here, Bank of America says
A “great slowdown” is happening in the U.S. housing market, a new report from Bank of America says, as mortgage originations shrink and spending on household items softens. Amid weak home sales number...
Homebuilders boost incentives as they suddenly struggle to sell homes
Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images After two years of...
Home Depot & Lowe’s: Do-It-Yourself Profits
Miniature model house standing on a heap of dollar bills. Photo with clipping path.Some similar … [+] pictures from my portfolio: getty There are few industries in which just two companies hold ...
Real Estate ETFs: Homebuilders Vs REITs
After slowly trending up in the years after the financial crisis, new home sales spiked exponentially in the latter half of 2020. Low mortgage rates and people spending more time at home were the fac...