The shareholder returns for top homebuilders D.R. Horton and Lennar have consistently outperformed the wider S&P 500 over the past decade. However, recent downgrades in the investment outlook of both companies by analysts have raised concerns among investors. Despite this, there are still some optimistic views regarding the industry’s future performance. Industry observers note that
Real Estate
In July, closed sales of previously owned homes experienced a moderate increase of 1.3% compared to the previous month. This marks the first positive growth in five months, indicating a potential shift in the real estate market. Despite this improvement, sales were still 2.5% lower than the same period last year, highlighting ongoing challenges in
The recent interest rate cut by the Bank of England has prompted major high street lenders in the UK to lower borrowing costs for homebuyers. This move has led to a surge in homebuyer activity, with lenders like Barclays, Halifax, HSBC, and NatWest offering five-year fixed rate mortgages below 4%. Following the Bank of England’s
Affordable housing is at the forefront of Vice President Kamala Harris’ economic policy agenda, designed to boost the “opportunity economy.” During a speech in Raleigh, North Carolina, Harris emphasized the importance of making homeownership more affordable in the United States. Part of her plan includes the construction of 3 million new housing units over the
Jim Cramer, the renowned financial expert, recently provided his insights on several stocks in the news outside the CNBC Investing Club portfolio. Let’s take a closer look at his analysis and evaluate the potential implications for investors. Despite beating earnings expectations, Lowe’s missed on revenues and lowered its full-year outlook. This news had a negative
The concept of homeownership has long been considered a fundamental aspect of the American Dream, representing stability, wealth creation, and community investment. However, the dream of owning a home is becoming increasingly out of reach for many Americans, particularly younger generations and first-time homebuyers. The combination of rising home prices, stagnant wages, and restrictive mortgage
The recent construction boom in the United States has led to a surplus of available rental properties, resulting in lower rents and various benefits for renters. According to Zillow Group, the completion of more multifamily units in June than in any other month in nearly 50 years has significantly increased the inventory of empty units
Homeowners are currently holding onto a massive $17 trillion in equity as of the end of the first quarter of 2024, according to CoreLogic. This equates to an average increase of $28,000 in equity per homeowner when compared to the previous year. While this might seem like a substantial sum of money, it is crucial
With the finalization of the major party tickets, voters are closely watching the candidates for personal finance policies that could affect their wallets. On one hand, Vice President Kamala Harris has unveiled her running mate, Minnesota Gov. Tim Walz. On the other hand, former President Donald Trump has selected Sen. JD Vance of Ohio. In
The recent decrease in mortgage interest rates to the lowest level since May 2023 has caused a significant surge in mortgage demand from both homebuyers and current homeowners. This surge has led to a 6.9% increase in total mortgage application volume compared to the previous week, reaching the highest level since January of this year.