SEOUL, South Korea— For the developers of the world's sixth tallest building near Seoul, a mysteriously shrinking lake and the appearance of small sinkholes in residential neighborhoods couldn't have come at a more inopportune time.» Read More
Jay Morelock, FTN Financial economist, shares his outlook on housing ahead of earnings this week by industry leaders PulteGroup and D.R. Horton.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to sustained momentum in the economy even as home building fell for a second straight month in June.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. "This part of economy is going in the wrong direction while the rest of the economy is picking up," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
WASHINGTON— U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year. Construction fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000 homes, the Commerce Department said Thursday.
WASHINGTON, July 17- U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013.. Groundbreaking declined 9.3 percent to a seasonally adjusted annual 893,000 million unit-pace, the lowest since September, the Commerce Department said on Thursday.
WASHINGTON— The Commerce Department reports on U.S. home construction in June. The report will be released at 8:30 a.m. EST Thursday. The National Association of Home Builders reported Wednesday that homebuilder confidence surged, reflecting a pickup in sales of new homes and heightened expectations for sales in the second half of the year.
DR Horton rose$. 45 or 1.9 percent, to $24.62. Hovnanian Enterprises Inc. rose$. 14 or 3.3 percent, to $4.61. Lennar Corp. rose$. 82 or 2.1 percent, to $40.71.
Study: US millennials buying homes later US stocks rise in midday trading on earnings news Bank of America takes $4 billion litigation hit Once a niche, local foods becoming big business BMW recalls 1.6 M 3- Series cars for air bag problem US homebuilder confidence surges in July US factory output rises for 5th straight month
Murdoch's Fox bid for Time Warner is rejected US stocks move higher; Time Warner soars US homebuilder confidence surges in July Study: US millennials buying homes later Bank of America takes $4 billion litigation hit Workers seek to keep endangered casinos open US factory output rises for 5th straight month Higher gasoline costs raise US producer prices Foreign holdings of US Treasury debt rise in May Airbus A380s tested over air leak problems
DR Horton rose$. 36 or 1.5 percent, to $24.53. Hovnanian Enterprises Inc. rose$. 10 or 2.2 percent, to $4.56. Lennar Corp. rose$. 67 or 1.7 percent, to $40.56.
Murdoch's Fox bid for Time Warner is rejected US stocks rise in early trading on earnings news US homebuilder confidence surges in July Study: US millennials buying homes later Bank of America takes $4 billion litigation hit US factory output rises for 5th straight month Higher gasoline costs raise US producer prices Foreign holdings of US Treasury debt rise in May BMW recalls 1.6 M 3- Series cars for air bag problem Italy's Gtech buying IGT for $4.7 B
U.S. homebuilders' confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second half of the year. The brighter sales outlook suggests home construction could pick up in coming months after a sluggish start this year.
CNBC's Diana Olick reports the latest home builder confidence data.
Standard Pacific Homes is building and selling homes in 27 developments from Florida to California and is believed to be the first to offer a pet suite as an option in every one. Standard Pacific, based in Irvine, decided to offer pet suites after conducting livability studies with homeowners.
WASHINGTON— Labor Department releases the Producer Price Index for June, 8:30 a.m.. WASHINGTON— Federal Reserve releases Industrial Production for June, 9:15 a.m.. WASHINGTON— National Association of Home Builders releases housing market index for July, 10 a.m..
AECOM Technology said it will pay $4 billion to acquire URS in an acquisition that is expected to complete in October.
An overpass in Brazil that was part of the World Cup infrastructure plan has collapsed onto vehicles below.
UK CONSTRUCTION PMI HITS FOUR-MONTH HIGH IN JUNE- MARKIT@. LONDON, July 2- A surge in home-building helped British construction activity to grow at its fastest annual pace in four months in June, bucking expectations for a slowdown, industry data showed on Wednesday.
France has recently unveiled a slew of measures to boost its ailing construction sector but analysts warn the measures will fall short.
Discussing recent housing data and the state of the housing recovery, with Jack Micenko, Susquehanna Financial Group analyst.
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