8% of buyers got down payment help from family this year: Survey

A new survey of 1,700 real estate agents this spring found that homebuyers in the Northeast and in Southern California were the most likely to get financial help from their family. Continue reading

As buyers balk, some homebuilders dread the months to come

Builder sentiment dropped at the second-fastest pace of the last two decades as some home construction companies have begun to cut costs. Continue reading

More than half of homebuilders report cancellation increase in June

In parts of the country, buyers are backing out of contracts for new homes at rates not seen since the shock of the pandemic first set in during March of 2020. Continue reading

Sales declines, price drops and the return of buyer incentives: Oh my!

It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey. Continue reading

Lumber prices seesaw lower, and some homebuilders aren’t happy

The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home. Continue reading