Mortgage Rates Increase for the Fifth Consecutive Week
FreddieMac reports that mortgage rates will remain unpredictable due to many factors, including the jobs report and the Federal Reserve’s…
Private Residential Construction Spending Rises in September
The NAHB reports that, according to the Census Construction Spending data, single-family construction rose by nearly 4.1% compared to one…
The biggest U.S. homebuilder misses on earnings as it says buyers are staying on the sidelines
According to MarketWatch, D.R. Horton, the leading U.S. homebuilder, reported fiscal fourth-quarter earnings that fell short of expectations, citing high…
US monthly house prices rise further in August
U.S. single-family home prices saw a steady increase in August, climbing 0.3% month-over-month and 4.2% year-over-year, according to the Federal…
R.P. Lumber to acquire Guyot Lumber
R.P. Lumber is set to acquire Guyot Lumber, a longstanding, family-owned hardware and building materials supplier in Perryville, Missouri, marking…
Housing’s Share of GDP Falls in the Third Quarter of 2024
In the third quarter of 2024, housing’s contribution to the U.S. GDP decreased slightly to 16.2%, with residential fixed investment…
The U.S. Economy Posted Another Solid Growth in Third Quarter
The U.S. economy posted solid growth in the third quarter of 202, with real GDP expanding at an annual rate…
Lowest Homeownership Rate for Younger Households Since 2020
According to the NAHB, homeownership among younger households has reached its lowest level since early 2020. Only about 37% of…
Developer moves ahead with 1,150-home San Tan Valley master-planned community
Scottsdale-based Aread Inc. has sold hundreds of lots to builders at its 300-acre Skyline Village development in San Tan Valley,…
Toll Brothers New Luxury Home Collection is Coming Soon to Sereno Canyon in Scottsdale, Arizona
Toll Brothers has announced the launch of the Manor Collection, a new luxury home series in Sereno Canyon, a new…
