D.R. Horton Flags Housing Softness in Software‑linked Markets
Software sector worries showing up a bit in D.R. Horton $DHI homebuilder C-suite earnings commentary today: “Perhaps a little bit of softness in a few of our [housing] markets that have kind of a traditionally heavy exposure to the software industry.”
Housing Hope Delayed One Year, Still On Track
Good housing read from @conorsen. Housing hope delayed a year but not totally derailed feels about right. https://t.co/3R3f8NDfvG
San Francisco Agents Unanimously See Price Rises, National Confidence Low
Nationally, only 27% of the resale agents we just surveyed said home prices were mostly increasing month over month. TOTALLY different story in San Francisco, where 100% of agents said prices rising. Not sure I’ve seen that high a conviction in...
True Housing Shortage only 1 Million, Not 10 Million
Our housing shortage estimate is 1 million, and it’s shrinking. This 10 million figure far exceeds all other estimates I’ve ever come across over the years.
March Home Sales Miss Warns of April Slowdown
Today’s March miss on existing home sales is concerning, as most those closings were negotiated and mortgage rate locked well before housing demand cooled post-Iran mortgage rate spike. Not a great sign for what’s to come in April, which we...
Construction Costs Surge After Energy Shock, Builders Confirm
Good read from @_willparker_ on construction cost increases happening post-energy shock. Homebuilders we surveyed in early April noted similar sentiment (several quotes below). https://t.co/QBhJxv5lrC https://t.co/9ICS9qHWaR
Rising Gas Prices Threaten Out‑skirt Home Sales
So many homebuilders ventured further out into ‘drive until you qualify’ submarkets this cycle as affordability got squeezed. This gas price chart is going to now weigh on those communities, adding incremental pressure to both new home sales and starts...
Spring Surge: Building Material Prices Jump Across the Board
Prices going higher for roofing, siding, paint, gypsum, insulation, fiberglass, foam, hardware, metal, and steel products. Great rundown of cost increase announcements rippling through housing this spring. https://t.co/liiQC0xAUu
Seeking Nashville Meet‑up at Home Equity Conference
If anybody on here is in Nashville this week for the home equity investment & lending conference let me know - would be great to connect. I’ve been trying to get closer to this space the last few years, as...
Housing Guidance Expected to Tighten Earlier in 2026
Last year it took until early summer for the housing industry to throw in the towel and lower guidance across the board (namely housing starts). Thinking we pull the timing of that directional guidance revision forward a few months in...
Spring Housing Outlook Crumbles as Rates Surge Above 6%
In less than a month, hope for a decent spring selling season has all but vanished in housing as oil spikes, rates jump, and inflation expectations reset higher. Can’t even get an adjustable-rate mortgage below 6% anymore. https://t.co/YOV544jjTl
Rising Transport and Petroleum Costs Squeeze Homebuilder Margins
Falling construction costs were a rare positive for homebuilders in 2025. That’s quickly shifting as transport costs jump, as will build costs since many construction products are petroleum based. Hard for homebuilders to push new cost increases through, so more...
Homebuilder Sales Stall as Rates, Oil Concerns Loom
Through mid-March, homebuilder sales and pricing trends have underwhelmed. Not a great start to the spring selling season, with homebuilders we survey noting Iran/oil/rising interest rates becoming part of the consumer psyche for staying on the sidelines.
Lennar Targets Top U.S. Homebuilder Spot After Decade
Lennar making a run at #1 homebuilder in America. Would be the first time for $LEN in ~10 years. https://t.co/0gp2tHaQZv
New Housing Act Threatens Supply and Affordability, Especially BTR
The proposed “21st Century ROAD to Housing Act” will suppress future housing supply and worsen affordability. A harsher stance on build-to-rent (BTR) is most concerning, and we fear much of the housing supply seen in our chart below is now...