Housing

Warren Buffett’s Berkshire Hathaway now owns roughly 5.7 million shares of D.R. Horton, the largest homebuilder in the U.S., despite headwinds threatening the industry including rising mortgage rates.

Redfin reported that newly built homes are on the rise, accounting for nearly a third of single-family homes. It comes at a time when there is a severe shortage of existing homes.

Goldman Sachs strategists said in an analyst note this week that they no longer think home prices will tumble this year, and will instead increase by 1.8%.

The average 30-year fixed-rate mortgage increased as Treasury yields hit their highest level since 2007, according to Freddie Mac. But there are still ways for house hunters to save.

Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.

Americans are leaving cities with high property taxes and relocating to states like Tennessee in search of lower rates as they try to cut homeowner costs.

New U.S. home construction rose 3.9% in July after declining the previous month, even as high mortgage rates continued to weigh on the housing market.

Berkshire Hathaway is putting investment dollars into three homebuilding companies despite the industry’s sluggish recovery since the pandemic, according to filing with SEC.

When it comes to remodeling or freshening a bathroom, there are low-cost ways to achieve an update without breaking the bank. Design pros share tips.

Home Depot reported second quarter earnings slightly ahead of predictions on Tuesday, despite posting a drop in sales amid slowing demand for larger item purchases and building projects.

Fannie Mae said it continued to expect a modest recession beginning in the fourth quarter of this year or the first quarter of 2024, but a strong housing market would provide a "downside cushion."

Sentiment among U.S. homebuilders unexpectedly fell in August for the first time this year as high mortgage rates weighed on consumer demand for new homes.

The average 30-year fixed-rate mortgage increased to 6.96% for the week ending August 10, according to Freddie Mac.

The U.S. housing shortage is worse in several cities that have experienced a booming labor market, strong population growth and low housing inventory.

U.S. mortgage rates topped 7% for the first time in nine months after Fitch downgraded the nation's credit score, dampening demand among would-be buyers.

Analysts at the Telsey Advisory Group downgraded Lowe’s and Home Depot stock amid a housing market that is weakened by falling home sales and mortgage increases.

The city of Jeannette's fire chief says the department plans to use funds from Biden's rescue plan to demolish a remaining 250 vacant homes deteriorating from squatter activity.

American renter households remained "rent burdened" in the first half of 2023, facing a 30.2% rent-to-income ratio for those seeking an average-priced apartment.

It is now more difficult for Americans to afford a home than at any time in history, according to analysis from global markets publication The Kobeissi Letter.

America's housing shortage is coming to an end. There's been a rise in home construction this year, and builders expect that trend to continue.