Rocket Companies reported its most profitable quarter in four years as artificial intelligence initiatives, a larger servicing portfolio and recent acquisitions helped the Detroit-based firm grow market share despite a choppy mortgage backdrop. The Detroit-based company reported net revenue of $2.94 billion for the quarter ending March 31, up from $1.1 billion in the same…
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California-based Thomas James Homes (TJH) announced last week that Steve Schlageter has stepped up as the company’s new CEO, after joining the firm as COO in 2024. The builder, known as the largest single-lot, infill homebuilder in the nation, was founded in 2006 in Southern California. Since then, the company has expanded into the San…
As mortgage rates and home prices continue to strain homebuyers, states are rapidly expanding programs aimed at making homeownership more affordable. Housing affordability pressures remain severe nationwide. As of May 1, the median price for a U.S. single-family home sat at $449,038, according to HousingWire Data. Prices vary sharply by state, with Hawaii remaining the…
A bill overriding local zoning authority to allow housing on idle Southeast Florida golf courses drew little public attention during Florida’s legislative session. When the Infill Redevelopment Act passed, warnings over problems it could cause bubbled up, but only in limited circles. It passed in March without a single “nay” vote in the Senate and…