UWM tried for its first acquisition, then its stock fell and the math stopped working
When UWM Holdings Corp. lost its bid last week to acquire Two Harbors Investment Corp. (TWO), upstaged by an offer from rival CrossCountry Intermediate HoldCo, analysts were not entirely surprised. “It was such a wild turn of events,” said Eric Hagen, an analyst at BTIG. “But we were not surprised t
First fully rebuilt Palisades home testing post-fire demand
Fourteen months after California’s Palisades wildfires destroyed nearly 5,900 homes, the first fully rebuilt residence has come to market, offering the clearest pricing test yet for post-fire demand. The newly built contemporary home — listed at just under $7.5 million — comes after the original was
Ashton Woods puts pace over margin in a choppy housing market
In today’s challenging homebuilding environment, builders are often presented with a lesser-of-evils choice: maintain a strong sales pace at the expense of slimmer margins, or sacrifice market share in favor of higher profitability. Multi-regional private homebuilding powerhouse Ashton Woods chose
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