With uncertain delivery of materials and high demand, Lennar is "Choosing to sell homes later in the construction cycle to increase margins," said co-CEO Rick Beckwitt.
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Mortgage applications for new home sales fell 9% month-over-month in May at a seasonally unadjusted pace ― the second consecutive month sales of new homes have dropped, according to Thursday data from the Mortgage Bankers Association.
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Another month of steadily increasing home prices and insatiable demand led Fannie Mae's Economic and Strategic Research Group to alter many of its 2021 predictions - in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.
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The National Association of Realtors says the current state of the housing market is absolutely "dire," the consequence of a housing shortage 30 years in the making.
Community State Bank worried that electronic closings would negatively affect its storied history of personalized customer service. But when the pandemic struck, the bank was ready to embrace change. Read more now.
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