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January homes sales tank more than 8%, as Realtors say potential buyers are 'struggling'
CNBC· 2026-02-12 15:00
Prospective buyers arrive during an open house at a home in Seattle, Washington, US, on Sunday, Jan. 18, 2026.High home prices, faltering supply and weaker consumer confidence in the economy all continue to weigh on the U.S. housing market. Sales of previously owned homes in January dropped a wider-than-expected 8.4% from December to a seasonally adjusted, annualized rate of 3.91 million, according to the National Association of Realtors. Sales were 4.4% lower than January 2025. That is the slowest pace si ...
Buyers finally catch a break as the US housing market is expected to cool in 2026. Here’s where prices may fall
Yahoo Finance· 2026-02-11 15:00
After years of bidding wars and sticker shock, U.S. home prices are starting to slip, bringing welcome relief to prospective buyers. Average U.S. home prices fell 1.4% over the past three months, based on November data from Parcl Labs (1). At the same time, mortgage rates dipped below 6%, hitting their lowest level since early 2023, according to Mortgage News Daily (2). Must Read While homes aren’t suddenly cheaper across the board, here are some areas homebuyers can keep their eyes on if they’re looki ...
Barratt Redrow H1 Earnings Call Highlights
Yahoo Finance· 2026-02-11 10:28
Roberts said part exchange stock levels were “carefully managed,” with 180 units unsold at the half-year point. He also reported that underlying private reservation rates remained solid at 0.55 reservations per week , ahead of last year, even as PRS and other multi-unit sales “effectively paused” in the run-up to the budget.Part exchange rose to 23% of private reservations from 14% , which management linked to customers seeking a “stress-free” move amid concerns about conveyancing chains and the rollout of ...
JPMorgan's nationwide home price forecast hides a SunBelt full of pain. Watch out, Florida and Texas
Fortune· 2026-02-09 17:23
Supply and demand in the housing market will combine to keep home prices flat this year as President Donald Trump’s efforts to improve affordability barely move the needle, according to JPMorgan Global Research.In a year-ahead forecast published Jan. 27, analysts said price growth will stall at 0% in 2026 after nearly doubling over the past decade, with a slight improvement in demand likely neutralizing a supply uptick.Helping buyers is an expected dip in adjustable-rate mortgages as the Federal Reserve con ...
Raymond James Stays Outperform on PulteGroup, Inc. (PHM) Amid Challenging Housing Backdrop
Yahoo Finance· 2026-02-07 12:38
Company Overview - PulteGroup, Inc. (NYSE:PHM) was founded in 1950 and is headquartered in Atlanta, positioning itself to navigate near-term housing volatility while maintaining long-term profitability [5] Financial Performance - In 2025, PulteGroup closed over 29,500 homes, generating $16.7 billion in home sale revenues, with a net income of $2.2 billion, equating to $11.12 per share [4] - Raymond James raised its price target on PulteGroup to $145 from $140, citing resilient Q4 results despite challenges in the homebuilding industry [2] Strategic Focus - The company plans to divest its off-site manufacturing operations (ICG) to sharpen its strategic focus on core homebuilding, which is expected to enhance returns and free up capital for reinvestment and shareholder value creation [4] - PulteGroup is recognized as a best-in-class operator, supported by diversified buyer demographics, balanced geographic exposure, and a disciplined approach to capital allocation [2]
Goldman Sachs Maintains Neutral on Lennar Corporation (LEN) as Incentives and Demand Uncertainty Cloud 2026 Outlook
Yahoo Finance· 2026-02-07 12:25
Company Overview - Lennar Corporation (NYSE:LEN) is one of the largest homebuilders in the U.S., founded in 1954 and headquartered in Miami-Dade County, Florida [4] Financial Performance - In the fourth quarter of 2025, Lennar delivered 23,034 homes, increasing its community count to 1,708, which represents an 18% year-over-year increase [3] - The company improved operational efficiency by reducing cycle time to 127 days from 138 days and increasing inventory turns to 2.2x from 1.6x a year earlier [3] - At the end of the quarter, Lennar had $3.4 billion in cash and total liquidity of $6.5 billion, with $3.2 billion returned to shareholders during fiscal 2025 [3] Market Position and Outlook - Goldman Sachs raised its price target on Lennar to $125 from $120 while maintaining a Neutral rating, citing mixed housing signals and a slowdown in housing activity into the fourth quarter [1] - Builders, including Lennar, are relying on higher incentives to sustain new-home closings, which is pressuring gross margins despite modest revenue beats [1] - The company is positioned to manage near-term margin pressure due to its scale, liquidity, and operational discipline, which may benefit it when housing demand stabilizes [4]
LGI Homes, Inc. Reports January 2026 Home Closings
Globenewswire· 2026-02-04 23:35
THE WOODLANDS, Texas, Feb. 04, 2026 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 218 homes in January 2026, which includes the closing of 16 currently or previously leased single-family rental homes. As of January 31, 2026, the Company had 140 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction ...
PulteGroup Announces Quarterly Cash Dividend of $0.26 Per Share
Businesswire· 2026-02-04 22:58
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.26 per common share payable April 2, 2026, to shareholders of record at the close of business on March 17, 2026. About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Pulte Homes, Cen. ...
Taylor Morrison Recognized on Fortune's 2026 World's Most Admired Companies List
Prnewswire· 2026-02-03 11:02
Core Insights - Taylor Morrison has been ranked No. 2 among homebuilders in Fortune's World's Most Admired Companies list for 2026, marking its third consecutive year on the list [1][2] - The company received high scores in social responsibility, quality of management, quality of products/services, and innovation, reflecting its commitment to building lasting credibility and a strong customer experience [2] Company Recognition - Taylor Morrison has been recognized as America's Most Trusted® Home Builder since 2016 and has received multiple accolades, including being listed in Fortune's Best Workplaces in Construction and Best Workplaces for Women [4][5] - The company has also been included in Forbes' Most Trusted, Great Place To Work®, and Best Companies in America lists, as well as Newsweek's America's Most Responsible Companies and America's Greenest Companies lists [4] Methodology and Survey - The World's Most Admired Companies list was determined through a survey conducted by Fortune in collaboration with Korn Ferry, involving over 3,000 executives, directors, and analysts across nine criteria [3] - The 2026 analysis included more than 680 companies from 51 industries and 29 countries, highlighting the competitive landscape in which Taylor Morrison operates [3]
PulteGroup Q4 Earnings & Revenues Top Estimates, Stock Down
ZACKS· 2026-01-29 18:41
Key Takeaways PHM beat Q4 EPS and revenue estimates, though both declined year over year amid margin pressure.Elevated incentives, cost inflation and land impairments drove a 280 bps drop in gross margin.Net new orders rose 4% as higher community count offset softer deliveries and cautious demand.PulteGroup (PHM) reported better-than-expected fourth-quarter 2025 results, with adjusted earnings and revenues surpassing the Zacks Consensus Estimate, though both metrics declined year over year amid continued af ...