Manufactured home shipments rose 2%, while net income fell 40% as sales to RV makers dropped 15%.
Construction résidentielle
Net sales orders fell 7% and cancellations rose to 23%; the largest U.S. homebuilder expects incentives to stay elevated and fiscal 2027 revenue of $30 billion to $32 billion.
The 15-year fixed mortgage rate declined, reaching 6.60% from 6.68% a week earlier.
Higher mortgage rates affected orders and deliveries; the company expects 9,350 to 9,650 home deliveries and $3.3 billion to $3.4 billion in 2026 home sales revenue.
The median monthly mortgage payment rose 10.7% from a year earlier to $2,786, the second-highest level in Redfin records.
Constrained affordability weighed on consumer sentiment; management expects unpredictable market conditions over the next several quarters.
Northeast and Midwest prices gained 4.0% and 3.6%, while West prices fell 0.6%.
Homebuilding revenue rose 3% to $942 million while homebuilding gross margin fell to 14.9%; the company maintains 2026 guidance for approximately 9,250 home closings.
Owner-built housing completions are down 20.8% and apartment-building completions up 2% so far in 2026 compared with the same period last year.
The 20-City Composite rose 2.7%, while home values fell in real terms for the 15th month in a row as inflation held at 3.4%.
Sales of new single-family homes were 676,000 in September from a revised 680,000 in August and were 5.3% below a year earlier.
The Reidsville factory opened in 2019; the company said it has more manufacturing capacity than it needs and expects stronger growth elsewhere.
Duties on Canadian softwood lumber would go into loan funds for homes built with U.S. wood, and tariffs on mill machinery not made in the U.S. would be removed.
An amendment in force since October 22 lets the Korea Forest Service give national forest timber to state bodies and forestry public institutions for wood construction and research.
Sweden's construction industry association expects 31,000 homes to be started in 2026 and 31,700 in 2027, down from 33,500 and 35,900 in its March forecast.
Homebuilding margin fell to 18.3% amid higher lot costs, affordability-related pricing pressure and weak consumer sentiment; mortgage banking income increased 7% while closed-loan production fell 10%.
Prices fell 0.2% month over month in September.
Housing permits, a guide to future construction, rose 25.8% to 21,607 units; January–August starts were up 11% from a year earlier.
Higher mortgage rates and economic uncertainty marked the quarter; the builder remains confident in housing fundamentals and its ability to manage the current cycle.
The 15-year fixed mortgage rate declined, reaching 6.68% from 6.71% a week earlier.