Tag Archives: housing

[unable to retrieve full-text content]Here’s the math keeping housing inventory so low  Yahoo Finance Source link

The housing market is showing signs of a recovery as the spring home-buying season gets underway. Mortgage rates fell for the second week in a row, declining to the lowest level in more than a month. The average rate on the benchmark 30-year fixed mortgage fell to 6.74% from 6.88% the week prior, per Freddie Mac. And as mortgage rates decline, supply is starting to rebound. New listings hit a 17-month high in February, while the total number of homes for sale rose to the highest level in a… Source link

While breaking down fourth-quarter earnings results for ServiceNow (NOW) and Las Vegas Sands (LVS), Yahoo Finance Live Anchors Julie Hyman and Josh Lipton look ahead to the top corporate earnings expected out tomorrow, from companies like Visa (V) and Intel (INTC), alongside several economic data prints — US fourth-quarter GDP, jobless claims, and new home sales. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note:… Source link

[unable to retrieve full-text content]Luxury housing market sees ‘steep’ deceleration: charts  Yahoo Finance Source link

Confidence among U.S. single-family home builders rose in January for the first time in a year, ending a 12-month stretch of declines and potentially signaling a turning point in the housing market. The National Association of Home Builders/Wells Fargo’s gauge of builder sentiment increased 4 points this month to 35, figures released Wednesday showed. Still, any figure below 50 is considered negative. “Probably past the worst, but a sustained improvement will have to wait,” Kieran Clancy,… Source link

A devastating combination of conditions — hiked mortgage rates, high construction costs, and low inventory levels — has hammered the housing market this year. “We firmly believe that we’re in a housing recession right now,” Jerry Howard, CEO of the National Association of Home Builders, told Yahoo Finance Live (video above), noting that he’s “particularly concerned with the first-time homebuyer quadrant.” The share of first-time homebuyers dipped to 26% from 34% just a year ago,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, December 20, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. The year can’t end fast enough for folks in the housing market. After a blockbuster 18 months that ran from mid-2020 through… Source link

While many forecasts point to home prices declining next year amid slowing home sales, housing will remain unaffordable for many homebuyers, according to one expert. “We have a supply problem with housing,” Marc Norman, associate dean at the NYU Schack Institute of Real Estate, told Yahoo Finance Live (video above). “We’ll see the price declines, but I think the income gains that we are seeing lately are still not keeping up with the prices that we are seeing in the market — in most… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link