Dani Romero

2 months ago | finance.yahoo.com | Dani Romero

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Wed, Apr 23, 2025, 12:58 PM 3 min read In This Article: Housing activity for new residential construction climbed in March, spurred by a greater supply of houses during a crucial spring period. Sales of new homes rose 7.4% in March to a seasonally adjusted rate of 724,000 units, up from February's rate of 676,000, according to the Census Bureau data released on Wednesday.

2 months ago | ca.finance.yahoo.com | Dani Romero

Buying a home in the US could get harder, PulteGroup (PHM) warned on its post-earnings conference call. The culprit? Tariffs, of course. "We're in the range of $5,000 on average, and it will impact every single price point and consumer group that we serve. There might be a few minor nuances, but it's pretty broad across the spectrum," the homebuilder's CEO, Ryan Marshall, told investors and analysts on the company's first quarter earnings call Tuesday morning.

2 months ago | ca.finance.yahoo.com | Dani Romero

In This Article: America's largest homebuilder, D.R. Horton (DHI), warned on Thursday that its key spring selling season has gotten off to a sluggish start as elevated mortgage rates and growing economic uncertainty continue to erode consumer confidence. "This year's spring selling season started slower than expected," D.R. Horton CEO Paul Romanowski told analysts and investors on the company's second quarter earnings call.

2 months ago | finance.yahoo.com | Dani Romero

The spring housing season is off to a shaky start as tariff concerns rattle builder sentiment. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index rose to 40 in April, a one-point increase from March and modestly above economists' expectations of 38, according to data polled by Bloomberg. Still, a reading below 50 indicates that more builders view conditions as poor than good.

2 months ago | ca.finance.yahoo.com | Dani Romero

Big banks are urging the Trump administration to simplify regulations relating to mortgage loan origination, servicing, and securitization in the hope that these reforms may lower costs and boost lending activity in the struggling US housing market. "In terms of mortgages, reducing unnecessary regulations would decrease homeownership costs," JPMorgan Chase (JPM) CEO Jamie Dimon wrote in his annual shareholder letter.