Homebuilders call baseless price-fixing claims as DOJ ‘considers launching antitrust investigation’

Homebuilders call baseless price-fixing claims as DOJ ‘considers launching antitrust investigation’

Leading groups representing homebuilders have responded to a report that the Trump administration is considering an antitrust probe into the industry, saying any allegations of price-fixing are baseless. The Justice Department is considering launching an antitrust probe into homebuilders in the coming weeks, though no final decision has been made and the administration could drop … Read more

Lowe’s rival Home Depot files for Chapter 11 bankruptcy

Lowe’s rival Home Depot files for Chapter 11 bankruptcy

Although they were a moving target, President Donald Trump’s tariffs have increased the cost of building a home. “The new tariffs could increase builders’ costs anywhere from $7,500 to $10,000 per home,” Rob Dietz, chief economist at the National Association of Home Builders, told CNBC, citing estimates from U.S. builders. Last year, the NAHB estimated … Read more