Independent thinking for complex markets and current events
June @NAHBhome builder sentiment fell to 35 vs. 37 est. & 37 in prior month pic.twitter.com/iMUxDT62S9 — Liz Ann Sonders (@LizAnnSonders) June 15, 2026 Builder confidence in the market for newly built single-family homes fell two points to 35 in June. Here are the readings for the three HMI indices in June: Current sales conditions …
“Achieving these results required additional incentives, resulting in a reduced average sales price of $383,000, and our gross margin drifted down to 17.5%, while our SG&A expenses came in at 8.2%, reflecting the soft market conditions.” Source: https://newsroom.lennar.com/2025-09-18-Lennar-Reports-Third-Quarter-2025-Results “The average sales price for new homes dropped to $389,000, an 8.7% decline year-over-year, and a striking …
A mortgage buydown is a financing technique where upfront fees (paid by the buyer, seller, or builder) lower the interest rate on a home loan, either temporarily (e.g., 2-1 buydown: 2% reduction year 1, 1% year 2) or permanently via discount points. It reduces initial monthly payments but they may rise later. Often used by …
by confoundedinterest17 I feel like we are in the financial Twilight Zone. Home builder stock prices have surged, while home builder sentiment has plunged. Of course, The Fed’s endless money printing isn’t helping the supply side of home building. To make matters worse, pending home sales remain in the doldrums. Federal Reserve Board member Lisa Cook …
China has launched a new AI-powered website builder that can generate full websites and apps from a single prompt. The tool, known as Qwen 3, allows users to describe their idea, and the AI builds the site live—without requiring any coding skills2. The platform is reportedly free and unlimited, making it accessible to a wide …
What have we learned from the market this Fall? There are 2 paths forward for Real Estate and both are painful: 1. Higher rates, stagnant market, layoffs, prices grind flat or down 2. Lower rates that come when the economy collapses, not because the Fed waves a magic wand — Amy Nixon (@texasrunnerDFW) December 20, …
1) Meanwhile – builder inventory in Northeast/Midwest is lagging far behind the previous mid-2000s peak. Here's the comparison between regions in homes for sale v 2006. South: +1% higher than 2006 bubbleWest: -18% lowerMidwest: -62% lowerNortheast: -51% lower — Nick Gerli (@nickgerli1) July 25, 2024 3) I get asked a lot by reporters if this …
via theglobeandmail: Richmond Hill, Ont.-based real estate developer Sunrise Homes has defaulted on a court-ordered settlement to repay the millions of dollars it owes to lenders caught up in the collapse of Canada’s one-time largest syndicated mortgage company Fortress Real Developments Inc. On May 8, 2023, Justice Peter J. Osborne endorsed a settlement agreement whereby …
“Over 60,000 realtors have left the industry over the last 6 months, according to data from the National Association of Realtors” “Tens of thousands of real estate agents are giving up on the profession, thinning their pandemic-era ranks as the housing market comes back to earth. Why it matters: Realtors are on the ground floor of …