He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/HwS6qhSDsI https://t.co/HwS6qhSDsI ...

Well, KB Home cutting its revenue outlook for the year after reporting weak second quarter results. This is the housing market. It remains sluggish with existing home sales seeing their worst May since 2009.Joining me now, we've got Meredith Whitney, Meredith Whitney Advisory Group CEO. Meredith, good to have you back on Yahoo Finance with us. We we just heard remarks from Fed Chair Jerome Pal that he plans to keep rates on hold.So, what is the risk that that poses to the housing market. Well, the housing m ...

Core Insights - LGI Homes has launched Medley Park, a new townhome community in downtown Clayton, North Carolina, aimed at families and first-time buyers [1][2] - The Dagny floor plan features three bedrooms and two-and-a-half bathrooms, with a starting price of $284,900 [2][3] - The community emphasizes energy-efficient designs and quality finishes, including granite countertops and energy-saving appliances [3] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its founding in 2003 [6] - The company has consistently delivered profitable financial results and has been recognized for its quality construction and customer service [6] - LGI Homes has received multiple workplace awards, including the Top Workplaces USA 2025 Award [6]

Investment Rating - The report does not explicitly provide an investment rating for the housing market but discusses various trends and dynamics affecting housing prices and affordability globally. Core Insights - Global home price gains persist despite rising policy rates, although the pace of home price appreciation is slowing [20] - The global housing affordability crisis is deepening due to supply/demand imbalances and elevated rents [21] - The US housing market is characterized as frozen, with declining demand and homebuilder sentiment alongside high mortgage rates [23] - Shelter inflation is likely to return to pre-pandemic levels, but rising rents have compounded cost-of-living challenges [20] - Demographics and household formation support long-term demand, and any housing correction in the short term would likely be modest [20] Summary by Sections Global Housing Market Trends - Home prices have increased by 37% on average over the past decade, with significant growth recorded in countries like Iceland, Portugal, and Hungary [32] - The OECD reports that real home prices have increased by 16% relative to income [32] - The global housing affordability crisis is now a common theme, with many OECD countries facing worse issues than the US [49][56] US Housing Market Dynamics - The US housing market is experiencing a significant decline in demand, with home sales in 2024 being the lowest since 1995 [23] - Housing starts fell approximately 9.8% in May, and the issuance of building permits hit a five-year low [23] - The median sales price of existing homes rose by 1.8% despite fewer home sales [23] Affordability Challenges - Housing affordability in the US has declined almost 30% since December 2021, nearing levels last seen in the late 1980s [51] - The housing affordability index in the US plunged from about 150 in 2021 to the mid-80s by 2024 [49] - Many households are spending over 40% of their income on housing, indicating a severe affordability crisis [51] Regional Disparities - The report highlights divergent trends across the US, with densely populated urban centers facing decreases in demand while suburban and rural areas see demand increases [84] - The Sunbelt region is experiencing higher vacancies and an oversupply of luxury apartments compared to coastal markets [88] Future Outlook - Despite the current challenges, the report suggests that risks to financial stability from the housing market appear manageable [21] - The report anticipates that any housing correction in the short term would likely be modest due to ongoing demographic support for demand [20]

Core Insights - Toll Brothers, Inc. is launching Ledgestone, a new luxury home community in Lawrenceville, Georgia, with sales expected to begin in early 2026 [1][2][3] Group 1: Community Features - Ledgestone will offer spacious single-family homes ranging from 4,674 square feet, featuring 5 bedrooms and 4 to 5.5 bathrooms, along with 3-car garages [2] - The community will include luxury amenities such as a pool, clubhouse, cabanas, bocce ball courts, an activities lawn, playground, and grill station [5] - Residents will have access to highly rated schools in the Peachtree Ridge Cluster, including Peachtree Ridge High School [6] Group 2: Customization and Design - Homebuyers will have the opportunity to personalize their homes with options like flex rooms, patios, and basements, and will select design finishes at the Toll Brothers Design Studio in Alpharetta, Georgia [2][6] - The state-of-the-art Design Studio allows customers to choose from a wide array of selections with the assistance of professional Design Consultants [6] Group 3: Location and Accessibility - Ledgestone is strategically located at 1941 Lebanon Road in Lawrenceville, near top shopping, dining, and entertainment destinations, including Gas South Arena and downtown Lawrenceville [5][7] - The community is positioned in one of Georgia's most sought-after locations, enhancing its appeal to potential buyers [3] Group 4: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and has been a Fortune 500 Company since its founding in 1967 [8][9] - The company operates in over 60 markets across 24 states and offers a variety of housing options for different buyer segments [9]

Core Insights - Century Communities, Inc. is launching a new community named Ironwood in Southwest Las Vegas, with a Grand Opening celebration scheduled for June 28, 2025 [1][2] - The new community will feature modern one- and two-story homes, with quick access to local amenities and outdoor destinations [1][4] Company Overview - Century Communities is one of the largest homebuilders in the U.S., recognized for its online home sales and ranked among America's and the World's Most Trustworthy Companies by Newsweek [1][4] - The company operates in 17 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services [6] Product Offering - Ironwood will offer over 100 single-family homesites with floor plans ranging from 1,742 to 2,114 square feet, featuring 2 to 6 bedrooms and 2 to 3 bathrooms [4] - Included features in the homes will consist of quartz countertops, stainless-steel appliances, and the Century Home Connect® smart home package [4] Location and Accessibility - The community is strategically located near UnCommons, Durango Casino & Resort, Rhodes Ranch Golf Club, and various hiking and biking trails [4] - It provides easy access to Blue Diamond Road, I-15, and I-215, facilitating quick commutes to the Las Vegas Strip and Harry Reid International Airport [4]

Company Overview - Dreams Finders Homes (NYSE: DFH) is a U.S. homebuilding company operating in nine states: Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia, Maryland, and Tennessee [1] Growth Performance - The company is experiencing growth that outpaces the industry and its competitors [1]

Ugly picture for new home sales this morning, hitting a seven-month low. Market doesn't like it. Diana Ol has the numbers and the why.Diana. Yeah, Kelly, you stole my word. I was going to say ugly report.No question. Look, sales of newly built homes dropped nearly 14% in May from April. The street was looking for a 6% decline.This count is based on signed contracts. So, people out shopping in May when mortgage rates remain stubbornly high. The average on the 30-year fixed mortgage started May at 6.83% 83% r ...

Group 1 - Toll Brothers, Inc. is set to launch the final collection of luxury homes in the Metro Heights community, named Ironridge, which will feature four-story homes with resort-style amenities [1][3] - Ironridge will offer three distinct floor plans ranging from 1,400 to over 2,800 square feet, with 3 bedrooms and 2 to 3.5 bathrooms, each including an attached two-car garage [2] - The Metro Heights community includes a gated entry, a 10,000-square-foot recreation center with multiple pools and spas, fitness center, and various social gathering spaces, enhancing the living experience [3] Group 2 - Toll Brothers provides a state-of-the-art Design Studio for customers to personalize their homes with a wide array of selections, supported by professional Design Consultants [5] - The company has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple awards, including Builder of the Year [8] - Toll Brothers operates in over 60 markets across 24 states and the District of Columbia, offering a diverse range of housing options for various buyer segments [6][7]

Core Insights - Toll Brothers, Inc. has announced the grand opening of new amenities at Regency at Holly Springs, a luxury 55+ active-adult community in North Carolina [1][2]. Group 1: Community Features - The newly opened amenities include a resort-style pool, clubhouse, state-of-the-art fitness center, and courts for pickleball and bocce, along with social membership to 12 Oaks Country Club [2][4]. - The community is designed for socialization and relaxation, providing private amenities exclusively for residents [2]. Group 2: Home Offerings - Homebuyers can choose from luxury homes with first-floor primary bedroom suites, with sizes ranging from 1,680 to over 2,900 square feet, featuring 2 to 3 bedrooms and 2 to 4 baths [4]. - Homes are priced starting from the mid-$500,000s [4]. Group 3: Location and Accessibility - Regency at Holly Springs is conveniently located with access to U.S. Route 1 and North Carolina Highway 540, facilitating quick drives to downtown Raleigh and Durham [7]. - The community is also near vibrant downtown areas known for boutiques, dining, and local shops [7]. Group 4: Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across 24 states [9]. - The company has been listed as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple accolades for its leadership and performance in the industry [10].