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Low housing inventory a win for homebuilders

Housing Wire

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 Census Bureau and the Department of Housing and Urban Development. percent (±15.3

Inventory 530
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Donald R. Horton, founder of the largest U.S. homebuilder, dies

Housing Wire

Over the years, he traveled extensively to its field operations, maintained a culture of family and care, and developed initiatives that focused on employees and their families, the company said. since 2002. At the end of March, the company had 45,000 homes in inventory. As a result, D.R. As of March 31, 2024 , D.R.

Inventory 343
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New home sales are at risk with rising mortgage rates ?

Housing Wire

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 439
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Builders only have 76,000 completed new homes for sale

Housing Wire

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. However, higher mortgage rates make it harder and harder to pull some of those deals off. Census Bureau and the Department of Housing and Urban Development.

Inventory 446
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How home-price growth has damaged the housing market

Housing Wire

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million or higher.

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D.R. Horton acquires homebuilding assets from Truland Homes

Housing Wire

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. We look forward to continuing as a key lot development partner for D.R. Horton has been the largest homebuilder by volume in the United States since 2002.

Contracts 364
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Are new home sales flagging a recession?

Housing Wire

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. Census Bureau and the Department of Housing and Urban Development. As you can see, sales levels were never elevated like what we saw from 2002-2005. However, this is much different than what we saw from 2002-to 2005.