Tag Archives: Home Builders

Even as Housing Revives, Apartment Growth to Boom

“Despite overtures of the headwinds from new supply, our April survey results showed positive gains in both occupancy and rents ahead of expected seasonal trends,” she wrote in a report to clients. (Read More: Apartment Building Bubbles as Single-Family Homes … Continue reading

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Investors Pile Into Housing Even as Prices Rise

Los Angeles-based Colony Capital, which boasts approximately ten thousand single-family rental homes in its portfolio, had centered its investments largely in the Southwest and West, but is now shifting to other markets. (Read More: US Pending Home Sales Tick Upward … Continue reading

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US Pending Home Sales Tick Upward in March

“Contract activity has been in a narrow range in recent months, not from a pause in demand but because of limited supply,” said Realtors chief economist Lawrence Yun in a release. “Little movement is expected in the near-term sales closings, … Continue reading

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Why Housing Affordability Is at Risk

The average rate on the 30-year fixed mortgage dropped to 3.68 percent last week, according to the Mortgage Bankers Association. From 1985 through 1999, rates ranged from 6 to 13 percent. Present low rates have allowed buyers to purchase more … Continue reading

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Home Builders Get Jitters for First Time in a Year

Of the three components making up the index, current sales conditions fell one point to 51, still the only component solidly in the positive. Sales expectations over the next six months rose one point to 50, but buyer traffic remained … Continue reading

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What to Expect From Toll Brothers Earnings

For fiscal year 2013, analysts are estimating earnings of 88 cents per share, but those estimates have been shrinking due to concerns over the broader economy. “I think it will be a pretty good report for Toll. The high-end and … Continue reading

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How Sequestration Cuts May Pummel Housing

Sequestration could also hit the nation’s home builders, especially those with a large footprint around Washington, DC and Northern Virginia, like Toll Brothers, which reported a first quarter profit Wednesday, and NVR. “Industry tailwinds look to be gaining steam, but … Continue reading

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Fewer Borrowers Are Behind on Mortgages, but for How Long?

“The declines in the mortgage delinquency rate will likely be muted for the foreseeable futures as the foreclosure process in some states can take more than 1,000 days,” notes Tim Martin, of TransUnion’s financial services business unit. “It is not … Continue reading

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Why Home Builders Won’t Drop New Home Prices

Right now the divide between new and existing home prices is wider than ever. The average price of an existing home in December was $231,400, according to the National Association of Realtors, while the U.S. Commerce Department reported the average … Continue reading

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Soaring Housing Stocks in Perspective

Nearly half of the components in the PHLX Housing Sector Index, which includes the public home builders as well as home remodelers and housing components, are up more than 50 percent since the overall stock market peaked. The index is … Continue reading

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