Homebuilders

Perkins Heirloom Homes Brings New Life to the North Mississippi Custom Home Building Market

  HERNANDO, MISS./ MARCH 11, 2019 (STL.News) Throughout his seven year term with ALSAC/St. Jude, Scott had the chance to build genuine relationships with specialty vendors around the country – allowing him to offer his clients access to a regional network of suppliers and expert craftsman that others cannot. “During my time at St. Jude, … Continue reading Perkins Heirloom Homes Brings New Life to the North Mississippi Custom Home Building Market

Retailers, homebuilders lead early slide in US stocks

U.S. stocks moved broadly lower in early trading Thursday, extending the market’s losing streak into a sixth day. Losses among retailers, homebuilders and health care companies outweighed gains in technology stocks. The slide followed a sell-off in European indexes as the British pound slumped amid discord over a new deal for Britain’s exit from the … Continue reading Retailers, homebuilders lead early slide in US stocks

NEW YORK | US stock indexes edge lower after a big post-election surge

NEW YORK — Stocks in the U.S. are taking small losses Thursday morning after a big rally the day before. Technology companies are slipping after chipmaker Qualcomm gave a disappointing revenue forecast for the current quarter and homebuilders are down after a weak fourth quarter. Health care companies are broadly higher after a big gain … Continue reading NEW YORK | US stock indexes edge lower after a big post-election surge

Meyers Research Announces the Launch of a Newly Branded Website

  COSTA MESA, CALIF./ OCTOBER 30, 2018 (STL.News) Meyers Research, the housing industry’s leading provider of new home construction data, announced today the launch of its newly designed website at http://www.meyersresearchllc.com. The completely revamped website features a streamlined and simplified design, improved functionality and enriched content areas to help current and prospective clients make well-informed … Continue reading Meyers Research Announces the Launch of a Newly Branded Website

NEW YORK | Stocks erase most of early losses after huge gain; IBM sinks

NEW YORK — After an early slide, U.S. stocks clawed back much of the ground they lost and ended slightly lower Wednesday. Banks climbed but retailers, homebuilders and smaller companies fell. Stocks slumped in morning trading as homebuilders and retailers took sharp losses after the Commerce Department said construction of new homes dropped in September. … Continue reading NEW YORK | Stocks erase most of early losses after huge gain; IBM sinks

Slide in banks, energy firms weighs on US stock indexes

Stocks drifted mostly lower in late-afternoon trading on Wall Street Thursday, on track to add to the market’s modest losses a day earlier. A slide in banks and energy companies offset solid gains for the technology sector. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July. KEEPING SCORE: The … Continue reading Slide in banks, energy firms weighs on US stock indexes

Stocks drift in early trading as traders watch trade talks

Stocks veered lower in morning trading on Wall Street Thursday as losses in banks and energy companies offset gains elsewhere in the market. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July. Technology stocks moved higher, adding to recent gains. Investors had their eye on trade as the U.S. … Continue reading Stocks drift in early trading as traders watch trade talks

US housing starts tumbled 12.3 percent in June

WASHINGTON/ July 18, 2018 (STL.News) — U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. June’s pace of construction was the lowest since September 2017. … Continue reading US housing starts tumbled 12.3 percent in June

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

Homebuilders gloomy, asset managers relieved over tax plan

NEW YORK/November 16, 2017 (AP)(StlRealEstate.News) — Proposed changes in the GOP tax plan could affect homeowners in more expensive neighborhoods and car buyers interested in electric vehicles. Investors in tech companies could see higher dividends. Future retirees and asset managers are happy about a change that didn’t materialize. A look at how the GOP tax … Continue reading Homebuilders gloomy, asset managers relieved over tax plan

US new home sales soar to highest level in a decade

WASHINGTON/October 25, 2017 (AP)(StlRealEstate.News) — Sales of new U.S. homes jumped last month to the highest level since October 2007, a sign that Americans — unable to find existing homes — are turning to new construction. Damage from last month’s hurricanes may have also inflated the data. New home sales leapt 18.9 percent in September to … Continue reading US new home sales soar to highest level in a decade

US housing starts fall 0.8 pct., a 2nd straight monthly drop

WASHINGTON/September 19, 2017 (AP) (StlRealEstate.News) — Homebuilders slowed their pace of construction by a sharp 0.8 percent in August, the second straight monthly decline. A steep drop in multifamily construction more than offset a gain in single-family-home building. The overall drop occurred even though would-be homebuyers face both a shortage of properties for sale and escalating prices. … Continue reading US housing starts fall 0.8 pct., a 2nd straight monthly drop

Winchester Returns to Brambleton with Grand Opening of New Home Design

ASHBURN, Va./ Aug. 10, 2017 (PRN) (StlRealEstate.News) — Winchester Homes is proud to announce its return to Brambleton with a grand opening event to celebrate the new Radcliffe model at West Park on Saturday, August 26, from 11 a.m. to 4 p.m. Winchester will unveil the first-of-its-kind Radcliffe model. This luxurious home design begins with European-influenced exteriors, a … Continue reading Winchester Returns to Brambleton with Grand Opening of New Home Design

Construction spending flat in May

WASHINGTON/July 3, 2017 (AP) (StlRealEstate.News) — U.S. construction spending was flat in May with homebuilding falling again, even as buyers face climbing prices and a shortage of available properties on the market. The Commerce Department reported on Monday no increase in construction spending in May, which follows a report two weeks ago showing that housing starts fell … Continue reading Construction spending flat in May

US housing starts drop for 3rd straight month

WASHINGTON/June 16, 2017 (AP) (StlRealEstate.News) — Homebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen. The Commerce Department said Friday that housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units. This comes … Continue reading US housing starts drop for 3rd straight month

American homebuilders activity slows in March

April 19, 2017 (STLRealEstate.News) The American construction industry has been very busy trying to keep up with real estate demand as of late.  Participating in unprecedented amounts of home-building since the Great Recession in 2016, the trend is expected to continue thoroughly throughout the year of 2017.  A survey of confidence among American home-builders did, … Continue reading American homebuilders activity slows in March