New Construction Falls in June as Higher Prices, Mortgage Rates Hit Housing Market | Economy

New Construction Falls in June as Higher Prices, Mortgage Rates Hit Housing Market | Economy

New home construction slumped in June as both housing permits and new home starts fell from May levels, the Census Bureau and the Department of Housing and Urban Development reported on Tuesday. Permits came in at 1.685 million, down 0.6% from the revised May reading of 1.695 million while starts fell 2% to 1.559 million,

Toll Brothers luxury home builders hit record in new home contracts amid construction boom

Toll Brothers luxury home builders hit record in new home contracts amid construction boom

Hodges Capital Management founder Craig Hodges on his outlook for the market amid inflationary pressures and labor shortages. Luxury home builder Toll Brothers Inc. reported in its fiscal year 2021 third quarter earnings results on Tuesday that the firm hit a new record for new contracts on the quarter, exceeding Q3 of last year by