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CNBC's Diana Olick reports home sales took a larger than expected bump up in May.
FMHR trader Josh Brown says the cash home buyer is running out of steam.
The NAHB Housing Market Index read 49 in June, versus 45 in May, reports CNBC's Diana Olick.
Home builder sentiment jumped 4 points in June, reports CNBC's Diana Olick. The NAHB Housing Market Index read 49 in June, versus 45 in May.
LONDON, June 13- Shares in Britain's housebuilders and property developers fell on Friday after the government and the Bank of England signalled they were ready to intervene to cool the country's surging house market.
LONDON, June 13- Shares in Britain's house builders, including Barratt Developments and Persimmon slipped on Friday after finance minister George Osborne said he would give the Bank of England stronger powers to curb mortgage lending.
Lowe's virtual room designer allows customers to reinvent each room in your house, from top to bottom, online. CNBC's Diana Olick has the details.
The video game trade show will operate in downtown Los Angeles through 2015, but venue issues have made its future location uncertain.
TORONTO, June 9- Canadian housing starts picked up more than expected in May and April was revised higher, suggesting housing will contribute to economic growth in the second quarter after a harsh winter put the brakes on construction, data released on Monday showed.
CNBC's David Faber speaks to Jonathan Gray, The Blackstone Group global head of real estate, about Blackstone's investment strategy in the hotel sector.
CNBC's David Faber speaks to Jonathan Gray, The Blackstone Group global head of real estate, about Blackstone's real estate approach and the rise of home prices. Gray says the shortage in new supply of single family homes is driving home costs higher.
WASHINGTON, June 2- U.S. construction spending rose to its highest level in five years in April, but the increase was less than expected, suggesting a mild pick-up after residential and nonresidential construction contracted in the first quarter.
Toll Brothers' second-quarter profit more than doubled from a year ago thanks to the niche market it serves, the company's CEO said.
Toll Brothers CEO Douglas Yearley, discusses the impact of interest rates on home builders and the overall state of the housing market.
PARIS, May 28- Strangled by regulation and high prices, weak French housing investment is proving a major drag on the euro zone's second-biggest economy as it struggles to stage a convincing recovery.
May 28- Toll Brothers Inc, the largest U.S. luxury homebuilder, said quarterly profit more than doubled as it sold more homes at higher prices. Toll Brothers said its average selling price rose about 22 percent to $706,000 in the second quarter ended April 30.
May 28- Toll Brothers Inc, the largest U.S. luxury homebuilder, said quarterly profit more than doubled as it sold more homes at higher prices. The company's net income rose to $65.2 million, or 35 cents per share, in the second quarter from $24.7 million, or 14 cents per share, a year earlier.
Robert Shiller, Case-Shiller Index co-founder and Yale University professor of economics, discusses today's key housing data that showed U.S. home prices slightly rising month-over-month and explains how cash investors influence the market.
*Hewlett-Packard shares soar after announcing job cuts. NEW YORK, May 23- The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs.
NEW YORK, May 23- The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard's stock, which was the S&P 500' s best performer, rallied a day after the personal computer maker reported results and said it may cut up to 16,000 jobs.
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