HUD secretary to NAHB: Costly regulations will be terminated

In one of his first official appearances as the new secretary of the U.S. Department of Housing and Urban Development (HUD), Scott Turner spoke at the 2025 International Builders’ Show in Las Vegas and addressed the National Association of Home Builders‘ (NAHB) Leadership Council on the need to bols

Home sale cancellations hit record high in January

Home sale cancellations in the U.S. surged to their highest level for this time of year, with 14.3% of pending deals falling through in January, according to a new analysis by Redfin.The figure, which represents over 41,000 failed home-purchase agreements, marks an increase from 13.4% a year earlier

Glenn Kelman, Redfin eye profitability in 2025

There’d no doubt that 2024 was a tough year for Redfin. Despite recording a 7% annual increase in revenue to $1.043 billion, the company’s net loss of $164.8 million was $34 million higher than the one it recorded in 2023. Additionally, the firm underwent a significant round of layoffs in August 202