When Victor Avramenko drives through the sunbaked rows of stucco houses in the western suburbs of Phoenix — where he bought his first American property two years ago — he doesn’t see the job cuts, slashed incomes and foreclosures that have devastated neighborhood after neighborhood in this city, which was once a real estate speculator’s dream. He sees profit potential.
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]