Bill Pulte called it the housing industry’s “dirty secret”: major builders are sitting on over 2 million empty lots, keeping supply tight and prices high.
A new report on ResiClub highlights words and actions from Warren Buffett and Ivy Zelman that point to mounting pressure on homebuilder stocks – the second-worst-performing S&P 500 subsector since October 2024.
Homebuilders face another hurdle as Trump imposes tariffs on steel and aluminum. Rising costs, labor shortages, and trade uncertainty—here’s what’s at stake for the housing market.
Trump hit pause—but for how long? A last-minute 30-day delay on new tariffs spared homebuilders from skyrocketing material costs, but if border security demands aren’t met, a trade war could be back on the table. Here’s what’s at stake.
Forbes reports on how top U.S. homebuilders, including Tom Bradbury of Smith Douglas Homes and Kathy Britton of Perry Homes, have become billionaires amid the housing shortage.
About one-third (33.4%) of single-family homes for sale in the first quarter of 2024 were new construction, roughly the same as last year but nearly double pre-pandemic levels. This year’s share is down from the record high of 34.5% reached two years ago.
Fannie Mae’s ESR Group published its August 2023 commentary on recent economic data and its likely impact on the housing market. Data points to an eventual downturn, which they now expect in the first half of 2024, though a soft landing is possible.
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