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Search resuls for: "Carl Harris"


7 mentions found


☆ Mortgage rates surge higher on Trump victory, causing housing stocks to fall
  + stars: | 2024-11-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
"The expectation among bond traders coming into the election was that rates would move higher in the event of a Trump victory and especially a red sweep. "The builder stocks are highly sensitive to mortgage rates and mortgage rate expectations. Big builders have been buying down mortgage rates for their customers, but that has been cutting into their margins. Mortgage rates don't follow the Fed, but do react to the central bank's thinking on the economy. Stronger-than-expected economic reports in September and October caused bond yields, and consequently mortgage rates, to move higher.
Persons: Donald Trump's, Matthew Graham, Horton, PulteGroup, Lowe's, John Burns, Trump, Carl Harris, Graham Organizations: Mortgage News, Trump, . Housing, John Burns Real Estate Consulting, National Association of Home Builders, Federal Reserve, National Association of Realtors Locations: U.S, D.R
☆ Politicians are promising housing help. Homebuilders say the problems are many and the solutions scant.
  + stars: | 2024-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Shannon Pettypiece | ) www.nbcnews.com   time to read: +10 min
Today, it is just over $3,000,” said Harris, who also serves as chair of the National Association of Home Builders. Vice President Kamala Harris has proposed offering $25,000 in down payment assistance to first-time homebuyers and incentives to homebuilders to construct more housing for first-time homebuyers. Former President Donald Trump has said he would lower housing costs by opening federal land to development, rolling back regulations and reducing overall inflation. But homebuilders say they face a web of challenges that have been nearly two decades in the making and will likely take years to resolve. One major barrier to driving down prices and increasing supply has been a shortage of workers, homebuilders said.
Persons: Carl Harris, ”, Harris, — he’s, Mike Forsum, Freddie Mac, Kamala Harris, Donald Trump, “, Robert Dietz, It’s, Dietz, Sheryl Palmer, homebuilder Taylor Morrison, homebuilders, we’ve, Palmer, Forsum, “ I’m, Homebuilders, Taylor Morrison, They’ve, that’s, ” Harris, “ It’s Organizations: National Association of Home Builders, Landsea, Bureau of Labor Statistics Locations: Wichita , Kansas, Atlanta, Las Vegas, Raleigh , North Carolina, Dallas, ”, Sacramento , California, Texas, Fort Worth , Texas, Phoenix, Buckeye, Orlando , Florida, In Wichita
☆ US new home sales plunged unexpectedly last month
  + stars: | 2024-06-26 | by ( Bryan Mena | ) edition.cnn.com   time to read: +2 min
Washington CNN —Sales of newly built homes dropped last month as mortgage rates remained elevated. New home sales, which make up only about 10% of the market, fell 11.3% in May from the prior month, to 619,000, according to government data released Wednesday. That was the steepest monthly decline since September 2022 and marks the lowest level since November. Mortgage rates soared to the highest level of the year in early May and have since trended down. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB chairman Carl Harris said in a release.
Persons: That’s, “, ”, Carl Harris Organizations: Washington CNN —, Federal, National Association of Home Builders, Housing, “ Locations: Wells Fargo
☆ Mortgage rates fall to their lowest level in almost three months
  + stars: | 2024-06-20 | by ( Bryan Mena | ) edition.cnn.com   time to read: +4 min
Washington CNN —Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. Economists don’t expect the average mortgage rate to fall below 6% this year. Homebuilding constrained by high interest ratesWhile mortgage rates have eased recently, the US housing market overall remains hamstrung by elevated interest rates, which seem to be taking a toll on homebuilding. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB Chairman Carl Harris said in a release.
Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, America’s homebuilders, “, Carl Harris, ” Skylar Olsen Organizations: Washington CNN —, “, Federal Reserve, Treasury, National Association of Home Builders Locations: ., Wells Fargo, America, San Diego , Los Angeles and New York, California, Honolulu
☆ Homebuilder sentiment turns positive for the first time since July
  + stars: | 2024-03-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Homebuilder sentiment rose 3 points in March to 51 on the National Association of Home Builders/Wells Fargo Housing Market Index. Sentiment also moved into positive territory for the first time since July. Fifty is the line between positive and negative sentiment. "But even though there is strong pent-up demand, builders continue to face several supply-side challenges, including a scarcity of buildable lots and skilled labor, and new restrictive codes that continue to increase the cost of building homes." Regionally, on a three-month moving average, sentiment rose most in the Midwest and West.
Persons: Carl Harris, Robert Dietz Organizations: National Association of Home Builders, West, Builders, Federal Reserve Locations: Wells Fargo, Wichita , Kansas, Midwest
☆ NAHB Vice Chair Carl Harris on where the housing market is headed
  + stars: | 2023-08-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNAHB Vice Chair Carl Harris on where the housing market is headedCarl Harris, first vice chairman of the National Association of Home Builders and a Kansas-based small volume spec and custom home builder, joins 'The Exchange' to discuss builders offering incentives to counter high-interest rates, the housing sector impact of rising mortgage rates, and more.
Persons: Carl Harris Organizations: National Association of Home Builders Locations: Kansas
☆ Democrats are getting a boost from an unlikely source: Laid-off tech workers with more free time
  + stars: | 2022-10-13 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com   time to read: +8 min
Like many tech workers and investors, she moved to San Francisco from elsewhere — Michigan, in her case — and still feels invested in the politics of her home state. Whether there’s a tech expertise gap between Democrats and Republicans is difficult to measure. The Republican State Leadership Committee, which works to elect Republicans at the state level, didn’t respond to requests for comment. Some tech workers are in their third election cycles as volunteers, giving them a base of experience to work from. Given its size, Tech for Campaigns can test different messages and tactics across states.
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