A hub for independent voices and hard truths
Beazer Homes is bleeding. A $754 million builder dangling mortgage rate buydowns like meat in a trap. In Dallas-Fort Worth, the pitch is this: “Enjoy 2.99 percent 1st Year* 3.99 percent 2nd Year and 4.99 percent Fixed, Years 3 plus …
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 …
Builders are spending 13.3% of home prices on buyer incentives—the highest since the 2009 crisis. “Major builders are now spending 13.3% of home prices on desperate buyer incentives—the highest since the 2009 financial crisis.” D.R. Horton reported a 10% year-over-year …
Traffic to popular real estate websites was down significantly March to April: Zillow – down 16%Realtor – down 13%Redfin – down 15% This probably wouldn't seem odd if it were November or December, but we are talking peak buying season …
Spencer Calvert built Pineapple Corporation into Florida's premier custom home builder. He became the go-to for wealthy clients, including TV star Captain Sandy Yawn. From 2019-2023, he left most of his 63 luxury homes as empty concrete slabs. Now he …
Home prices and mortgage rates are high but haven’t hampered demand for what Toll Brothers calls its “luxury niche.” That niche is made up of empty nesters, rich millennials, and wealthy buyers who are inoculated from housing market swings. “Demand for our homes …
by Mike Shedlock The homebuilders’ inventory of started but unsold homes is steeply rising as sales drop. It will take price cuts to clear inventory. Data from census department, chart by Mish New Residential Construction Yesterday, the Census Department released …
via CNBC: Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since …
by confoundedinterest17 Bidenomics, the economic gift to big donors and a boot up the backside of middle class and low wage workers, keeps on giving. Now its homebuilder sentiment falling to 45. U.S. homebuilders are feeling pessimistic about their business for …