The housing market defies expectations even with higher rates
Housing demand still showed positive year-over-year growth last week, despite the hawkish Fed, escalation of the Iran conflict, rising mortgage rates and the 10-year yield hitting yearly highs. We had year-over-year growth in our weekly pending sales, total pending sales and purchase apps. Growth ha
AI’s housing impact is strong — but highly localized
Artificial intelligence (AI) and broader tech investment is reshaping broad swaths of the U.S. economy, but its impact on housing is proving far from uniform. HousingWire Data updated July 25 shows a growing divide between markets where AI wealth is supporting demand and those where even strong tech
Green Brick seizes a margin edge as a land and product outlier
While many homebuilders battle a gross margin slippery slope from the 20s into the mid-teens, Green Brick Partners is fairly striding against the tide. During the company’s Q2 earnings call on Thursday, executives said its gross profit margin expanded to 29.8% in Q2, down 150 basis points from a ye
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