Homebuilder confidence rebounds after record declines
The new-home housing market is showing signs this month of a rebound, reversing a record 12 consecutive months of declines spurred by mounting mortgage rates, increasing construction costs and record inflation. January’s seasonally adjusted market index — which measures perceptions of
Homebuilder confidence continues historic decline
Rising mortgage rates, construction costs and inflation continue to stymy the new-home housing market, leading to the longest-running decline in confidence among homebuilders since the mid-1980s. Housing starts — a leading economic indicator — remain sidelined as consumers pull back on
Former Yamaha Finance exec jumps to commercial vehicle finance
Yamaha Financial Services’ former Chief Risk and Chief Strategy Officer Vijay Patil departed the lender in July, 2021 to helm a new venture that brings the indirect lending model to commercial vehicle finance. Patil is the co-founder and chief operating officer
