Beazer Homes USA Inc. reported its first quarterly profit since 2006 on Tuesday and credited more stable home prices and cost cuts for a marked improvement in the homebuilder's gross margins.
Friday, 25 Sep 2009 | Source: The Associated Press
New home sales rose a tepid 0.7 percent last month, missing Wall Street expectations and providing more evidence the housing market recovery remains tentative.
Tuesday, 16 Jun 2009 | Source: The Associated Press
Fresh signs that the economy is stabilizing emerged Tuesday in reports that home construction rose more than expected last month and wholesale prices remain in check.
Construction spending likely retreated in September following a housing-fueled rise in August. A slip in building activity would underscore the fragile nature of the housing recovery, which analysts hope will provide support for the overall economy in the months ahead.