KB Home, the No. 5 U.S. home builder, posted a deeper quarterly loss Friday on tumbling revenue as the United States faced its deepest housing slump in decades.

Lennar, the second-largest U.S. home builder, reported a bigger-than-expected quarterly net loss as deliveries and new orders tumbled, sending its shares down nearly 5 percent.

Lennar, the second-largest U.S. home builder, Thursday reported a smaller quarterly net loss on lower expenses, but the results were worse than expected as deliveries and new orders tumbled.

U.S. railroad CSX said results of a Wednesday shareholder vote on a slate of five dissident directors will be announced in July as two activist funds claimed they won at least two seats and cried foul over how the company conducted the balloting.

Senate progress toward approving a sweeping housing rescue plan was delayed Wednesday by the objections of a Republican lawmaker who wants to attach an amendment dealing with renewable energy.

The real estate market remains a question mark after the Standard & Poor's/ Case Shiller home price index reported annual losses in every top metropolitan area. This, along with the 66,000 job cuts that hit the financial sector through May, brought the experts to CNBC's Squawk Box to discuss the national real estate picture.

U.S. home prices extended their record slide in April, with every top metropolitan area posting losses and many showing double-digit declines.

The recent rise in mortgage rates might seem like yet another reason to stay out of real estate. But for some home buyers, it's having just the opposite effect.

Real estate giants gathered in New York City on Thursday for the Bank of America Homebuilder Conference.  CNBC has the highlights from the conference.

CNBC asked real estate experts for their insight on the economy, the housing market and commercial real estate.

Thornburg Mortgage, the jumbo mortgage lender that lost $3.31 billion in the first quarter, said on Wednesday it has received subpoenas from U.S. securities regulators and its survival remains in doubt.

The U.S. Federal Housing Administration is temporarily lifting its required 90-day waiting period to help stabilize neighborhoods flooded with foreclosed properties, the Bush administration announced Friday.

U.S. consumer confidence tumbled more than expected in June, hitting another 28-year low as high inflation and rising unemployment weighed on sentiment.

U.S. mortgage applications rose after falling for three straight weeks, bouncing back from the lowest level in more than six years and overcoming a rise in home loan rates, an industry trade group said Wednesday.

Home Depot said Thursday that it expects to deliver double-digit per-share profit growth annually and sales growth of 3 percent to 5 percent a year -- after current market conditions stabilize.