Homebuilder confidence was unchanged at low levels in November, but sales of newly built, single-family homes were expected to rise slightly in the next six months, according to a survey by the National Association of Home Builders.
Tuesday, 17 Nov 2009 | Source: The Associated Press
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
Home Depot posted a higher than expected quarterly profit Tuesday but warned that there was still a lot of pressure in the U.S. housing and home improvement markets, sending its shares lower.
Tuesday, 17 Nov 2009 | Posted By:
Lisa Auret | Source: CNBC.com
As the economic slowdown peters out and recovery shoots arise, governments are still making good on their promises of infrastructure spending in their massive stimulus packages. And it may be just the time for investors to make money off these government-initiated projects.
Capital reserves of the Federal Housing Administration have fallen well below legally required levels, due to significant losses on home loans made before this year, Housing and Urban Development Secretary Shaun Donovan said on Thursday.
The 30-year fixed-rate mortgage averaged 4.91 percent for the week ending November 12, 2009, down from last week when it averaged 4.98 percent, according to Freddie Mac.
Refinancing drove total U.S. mortgage applications higher last week as fixed borrowing costs fell further below 5 percent, but home purchase demand sank to a nine-year low, an industry group said on Thursday.
The Dow rose for a sixth straight session Wednesday as the dollar hit a new 15-month low after Fed comments and strong Chinese economic data. Financial, material and IT stocks were the biggest gainers.
The US housing market is starting to recover, thanks in part to the government's tax-credit for first-time home buyers, Richard Smith, president & CEO of Realogy, the world's largest brokerage operator, told CNBC
Commercial real estate is somewhere between an orderly massacre and a disaster, William Mack, founder and chairman of Area Property Partners, told CNBC.
Stock index futures pointed to another higher open on Wall Street Wednesday as the dollar hit a new 15-month low after Federal Reserve officials reinforced the view that rates will remain low for some time.
The housing market has improved slightly and prices are starting to stabilize, but we could see another downswing this winter, James Lockhart, vice chairman of WL Ross & Co. and former director of the Federal Housing Financial Agency, told CNBC.
About two-thirds of global corporates are not prepared to pay higher rents to take space at "green" buildings, even though 70 percent of them view sustainability as a critical business issue, a survey showed.
As you probably could have guessed, I'm not going to jump on the bandwagon and say that the housing market is all fine and dandy now that we've seen two months of big jumps in existing home sales... Read More