Home builders started fewer single-family homes in May than predicted, which is curious given the low U.S. supply of new and existing homes for sale.» Read More
The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.
D.R. Horton, the largest U.S. home builder, posted a bigger-than-expected quarterly loss as it wrote down the value of more holdings in a decimated real estate market.
Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.
Delinquent U.S. commercial real estate loans rose in June, as property owners struggled with falling prices and tight credit conditions, according to a report from Moody's Investors Service released Monday.
Australian property developer Lend Lease said on Monday net operating profit was likely to fall as much as 15% next year as UK property prices slid. Its shares tumbled 10%.
CapitaLand, Southeast Asia's biggest property developer by market value, posted a 44 percent drop in quarterly net profit as property sales slowed and it had no big one-off gains, but it said the outlook was positive.
Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Wednesday said it grew its investment portfolio in June at the fastest annualized rate in nearly five years.
Prices of single-family homes plunged at a record pace in May from a year earlier.
U.S. consumer confidence halted a six-month slide in July, bouncing off its lowest level in more than a decade as worries over inflation receded slightly, the Conference Board said.
Standard & Poor's may cut ratings on Fannie Mae and Freddie Mac, citing concerns that government plans to shore up the mortgage finance companies may subordinate the debt.
Sales of newly constructed US single-family homes were stronger than expected in June, providing a glimmer of hope for the beaten-down housing market.
The best way to help the ailing U.S. housing market recover from the $1 trillion of losses it faces will be to cut the cost of mortgages via the U.S. housing bill and rescue package for mortgage finance giants, the manager of the world's biggest bond fund said
Sales of existing homes fell a bigger-than-expected 2.6% in June to a 10-year low, as housing continued to be bruised by the worst slump in over two decades.
The U.S. Senate is due to vote finally Saturday to approve a major housing market rescue bill, including federal financial assistance for Fannie Mae and Freddie Mac.
Pulte Home, posted a smaller quarterly loss on Wednesday, but said buyer confidence remained shaky.
Rescue legislation sailed through the House Wednesday aimed at helping 400,000 homeowners avoid foreclosure and to prevent Fannie Mae and Freddie Mac from collapsing.
Congress looks set to pass a housing rescue bill that will backstop Fannie Mae and Freddie Mac, create tougher oversight of the mortgage finance giants and spend billions to prevent home foreclosures.
Shares of Fannie Mae and Freddie Mac surged after President Bush dropped opposition to a housing rescue bill, which would offer a lifeline to the mortgage giants.
Single mother Mary White worked as a sales clerk until the bank foreclosed on the home she rented. Tossed out on the street with her six boys, she lost her deposit and her job. Now she is revved up to vote in November.
The financial crisis won't be over until U.S. house prices stop falling, many experts believe, which means it won't be over soon.
Builders started fewer single-family homes in May than predicted, which is curious given the low supply of homes.
Now that's a shot of confidence: Home builder sentiment hit a 7-year high in June.
Use this interactive map to track the latest numbers in some of the largest housing markets across the country.