Homebuilders

The Latest: Shares in homebuilders fall ahead of Fed meeting

WASHINGTON/ June 13, 2018 (AP)(STLRealEstate.News) — The Latest on the Federal Reserve policy meeting (all times local): 12:30 p.m. Homebuilders are taking a beating on Wall Street ahead of Wednesday afternoon’s Federal Reserve meeting, where analysts are expecting a rate increase. The Fed’s rate hikes can translate into higher interest rates for credit card holders … Continue reading The Latest: Shares in homebuilders fall ahead of Fed meeting

Tech and health care lead US stocks lower; bond yields rise

May 15. 2018 (AP)(STLRealEstate.News) — Losses in technology and health care companies helped pull U.S. stocks lower Tuesday, snapping an eight-day winning streak by the Dow Jones industrial average. The broad sell-off followed a slide in bond prices, which sent the 10-year Treasury yield to its highest level in almost seven years. That paves the … Continue reading Tech and health care lead US stocks lower; bond yields rise

Privately-Owned Home Builder In Austin Joins Clayton Properties Group

MARYVILLE,/Tenn., April 9, 2018 (STLRealEstate.News) — Clayton Properties Group®, a division of Clayton Home Building Group®, a Berkshire Hathaway company and one of America’s largest homebuilders, today announced it has acquired Brohn Homes, one of Austin, Texas’ largest privately-owned homebuilders. Brothers Adam Boenig, co-president, and Aaron Boenig, co-president, founded Brohn Homes in 2003 as a … Continue reading Privately-Owned Home Builder In Austin Joins Clayton Properties Group

US housing starts fell 7 percent in February

WASHINGTON/March 16, 2018 (AP)(STLRealEstate.News) — Homebuilders broke ground on fewer apartment complexes in February, causing overall housing starts to fall 7 percent. The Commerce Department said Friday that housing starts last month were at a seasonally adjusted annual pace of 1.24 million, a decline that was anticipated after construction surged in January to 1.33 million. … Continue reading US housing starts fell 7 percent in February

Homebuyers 62+ Focus of New Toolkits for Real Estate Agents, Builders

WASHINGTON/ March 9, 2018 (STLRealEstate.News) — The National Reverse Mortgage Lenders Association released two free toolkits today for real estate agents and homebuilders who work with older homebuyers. The guides explain a mortgage financing option specifically for buyers aged 62 and older called “HECM for Purchase.” The Home Equity Conversion Mortgage for Purchase is a … Continue reading Homebuyers 62+ Focus of New Toolkits for Real Estate Agents, Builders

Clayton Homes Announces ‘Raise the Refund’ Sales Promotion

MARYVILLE, Tenn./ Jan. 4, 2018 (STLRealEstate.News) — Clayton Homes, one of America’s largest homebuilders, announces the start of its ‘Raise the Refund’ tax season promotion. Beginning today, Clayton Homes retailers are offering new Energy Smart homes starting at just $60,000* plus delivery and installation. Energy Smart homes are built to include a package of energy … Continue reading Clayton Homes Announces ‘Raise the Refund’ Sales Promotion

Led by technology and health care, stocks set more records

NEW YORK/November 21, 2017 (AP)(STL.News) — The market’s biggest winners this year, technology and health care, powered U.S. stock indexes to more all-time highs on Tuesday. Huge technology companies like Apple and Facebook continued their ascent, while strong reports from companies including medical device maker Medtronic and construction and technical services company Jacobs Engineering helped … Continue reading Led by technology and health care, stocks set more records

Housing Supply Shortages Slowing First-time Buyers; Signs of Hope Exist for More New Construction

CHICAGO/ Nov. 11, 2017 (PRNewswire)(StlRealEstate.News) — Stubbornly low inventory conditions in a large swath of the country are behind the below-average share of first-time buyers in recent years, but there is gaining evidence that an increase in homebuilding is around the corner. That is according to NAR’s Jessica Lautz, managing director of survey research and … Continue reading Housing Supply Shortages Slowing First-time Buyers; Signs of Hope Exist for More New Construction