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Pending sales of US existing homes unexpectedly rose in February for the first time in three months as buyers took advantage of lower mortgage rates and slower price growth. Processing Content An index of contract signings climbed 1.8%, according to National Association of Realtors data released Tuesday. The median forecast of economists surveyed by Bloomberg […]

Homebuilding business executives maintain a guarded outlook on the homebuilding market, amid tepid demand, shrinking profit margins and weak consumer sentiment. The ongoing conflict with Iran could further complicate the outlook for builders.  The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)’s builder confidence gauge remained subpar in March with a reading