Latest news with #homebuilders
Washington Post
3 hours ago
- Business
- Washington Post
Trump promises to hike steel and aluminum tariffs to 50% starting Wednesday. Here's what we know
NEW YORK — U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers. Foreign-made steel and aluminum is used in household products like soup cans and paper clips as well as big-ticket items like a stainless-steel refrigerators and cars. Economists warn that the latest tariffs will significantly squeeze the wallets of both companies and shoppers alike.
Yahoo
3 days ago
- Business
- Yahoo
Property values are cooling in Miami-Dade. New report hints at weakness to come
Miami-Dade's real estate market is cooling, with signs of a sharper slowdown to come, according to new numbers from the county property appraiser. The annual market summary released Friday shows a slower growth rate in properties' taxable values than this time a year ago — up 8.5% in 2025, compared to 10.7% growth in 2024. This is the first time Miami-Dade has recorded single-digit growth since the start of 2021, when the early months of the pandemic initially depressed real estate sales. 'The real estate market, after years of growth, appears to have stabilized,' said Property Appraiser Tomás Regalado. While he noted the pace of new construction was higher going into 2025, Regalado said: 'I don't believe that trend will continue.' While the headline number of an 8.5% increase in countywide taxable values suggests decent growth in home prices, some details of the report hint at a buyer's market to come. One countywide measure of changes in values that is calculated to more closely match market values showed growth of only 3.6% from 2024 to 2025. Last year it grew by 10%. Some of the notable figures in the report include: Developers and homebuilders created nearly $4 billion in new construction last year in the cities of Miami and Miami Beach alone, accounting for almost half of the new construction value in all of Miami-Dade. For existing properties, no municipality saw the kind of surge in values than did tiny Indian Creek Village, the elite 'Billionaire Bunker' island that's home to presidential daughter Ivanka Trump and Amazon founder Jeff Bezos. Without new construction included, Indian Creek Village saw taxable values spike 19%. At the other end of that scale is Virginia Gardens, with an increase of just 1.4%. The boomtown award goes to El Portal, population 1,900, which saw taxable values grow the most when combining existing and new construction. El Portal saw values climb 33%.
Arabian Business
6 days ago
- Business
- Arabian Business
Dubai real estate price forecast amid increased supply: Fitch Ratings
Dubai residential real estate prices will face a 'moderate correction' in H2 2025-2026 after peaking this year, Fitch Ratings said in new report. Fitch Ratings said it expects banks and homebuilders in the UAE able to absorb any lower prices, which will protect them from rating downgrades. Prices of residential units increased by about 60 per cent between 2022 and Q125 with demand underpinned by population growth in the post-pandemic years coupled with the improved attractiveness of the Dubai property market for investors in the healthy economic environment. Dubai real estate price forecast This is against the backdrop of a record number of new property projects in 2023-2024, which are expected to release about 250,000 units. A spike in deliveries in Dubai is expected in 2026, when about 120,000 units are planned for handover, compared to: 2024: 30,000 2025: 90,000 The handover of new units will lead to a record increase in supply. Fitch Ratings said: 'We estimate an average 16 per cent increase in supply in 2025-2027, exceeding forecast population growth of around 5 per cent. 'Meanwhile, the average residential rental yield declined by 30bp in 2H24-1Q25 (albeit to a still heathy level of 7.4 per cent) and we expect higher supply will put a further pressure on rental yields'. The financial analysts added: 'Delays in deliveries of some projects are possible, given low completion rates to date and the previous record of smoothening supply. 'Furthermore, assets in prime locations will remain more resilient to a potential correction, given a different typical investor profile with generally longer holding periods and higher tolerance for price swings. 'Rated UAE homebuilders and banks have reasonable cushions to tolerate the forecast level of falling prices given the improved leverage at homebuilders.
Zawya
6 days ago
- Business
- Zawya
Fitch: Dubai property prices to drop but issuers have rating buffers
Dubai residential real estate prices will face a moderate correction in 2H25-2026 after peaking this year, Fitch Ratings says in new report. But we expect prices will not fall more than 15% with banks and homebuilders in the UAE able to absorb the lower prices, which will protect them from rating downgrades. Prices of residential units increased by about 60% in 2022-1Q25 with demand underpinned by immigration in the post-pandemic years coupled with the improved attractiveness of the Dubai property market for investors in healthy economic environment. This is against the backdrop of a record number of new property projects in 2023-2024, which are expected to release about 250,000 units. The spike in deliveries is expected in 2026, when about 120,000 units are planned for handover, compared to only 30,000 in 2024 and 90,000 in 2025. The handover of new units will lead to a record increase in supply. We estimate an average 16% increase in supply in 2025-2027, exceeding forecast population growth of around 5%. Meanwhile, the average residential rental yield declined by 30bp in 2H24-1Q25 (albeit to a still heathy level of 7.4%) and we expect higher supply will put a further pressure on rental yields. Delays in deliveries of some projects are possible, given low completion rates to date and the previous record of smoothening supply. Furthermore, assets in prime locations will remain more resilient to a potential correction, given a different typical investor profile with generally longer holding periods and higher tolerance for price swings. Rated UAE homebuilders and banks have reasonable cushions to tolerate the forecast level of falling prices given the improved leverage at homebuilders. This in turn resulted in lower levels of real estate financing at banks, which is also coupled with improved capital cushions coming from strong profitability. The report, 'Dubai Real Estate Market Risks' is available here. Media contact: Tahmina Pinnington-Mannan Director, Corporate Communications Fitch Group, 30 North Colonnade, London E14 5GN tahmina.p-mannan@
Yahoo
26-05-2025
- Business
- Yahoo
Earnings To Watch: Champion Homes (SKY) Reports Q1 Results Tomorrow
Modular home and building manufacturer Champion Homes (NYSE:SKY) will be reporting earnings tomorrow before market open. Here's what to expect. Champion Homes beat analysts' revenue expectations by 9.2% last quarter, reporting revenues of $644.9 million, up 15.3% year on year. It was an incredible quarter for the company, with a solid beat of analysts' sales volume estimates and an impressive beat of analysts' EPS estimates. Is Champion Homes a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Champion Homes's revenue to grow 12.1% year on year to $601.4 million, improving from the 9.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Champion Homes has missed Wall Street's revenue estimates twice over the last two years. Looking at Champion Homes's peers in the home builders segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Toll Brothers's revenues decreased 3.5% year on year, beating analysts' expectations by 9.9%, and Taylor Morrison Home reported revenues up 11.5%, topping estimates by 5.7%. Toll Brothers's stock price was unchanged after the resultswhile Taylor Morrison Home was down 1.1%. Read our full analysis of Toll Brothers's results here and Taylor Morrison Home's results here. There has been positive sentiment among investors in the home builders segment, with share prices up 7.9% on average over the last month. Champion Homes is down 1.5% during the same time and is heading into earnings with an average analyst price target of $96.58 (compared to the current share price of $83). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Sign in to access your portfolio
