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.
Pulte Home, posted a smaller quarterly loss on Wednesday, but said buyer confidence remained shaky.
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.
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer says.
Tuesday, 18 Jun 2013 | 6:00 PM ETHow to approach the Fed's monetary decision, with Mad Money host Jim Cramer.
Tuesday, 18 Jun 2013 | 12:01 PM ETThe Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.