Current Housing Indicators |
| CURRENT | PREVIOUS | ||
| Existing Home Sales | 4.49m | ▼ | 4.74m |
| New Home Sales | 309,000 | ▼ | 344,000 |
| Housing Starts | 583,000 | ▲ | 477,000 |
| Building Permits | 547,000 | ▲ | 531,000 |
| HMI | 9 | UNCH | 9 |
| Existing Home Prices | $170,300 | ▼ (annually) | $199,800 |
| New Home Prices | $201,100 | ▼ (annually) | $232,400 |
More Videos
- Commercial Conundrum
- Commercial Real Estate: 'Ticking Time Bomb'
- Bank-owned Inventory: Move it!
- Realities of the New Obama Refis
- A Bigger Housing Bailout for Obama
- Home Prices: Are We There Yet?
- Treasury: Jingle Mail A Myth
- How Bad Is The Housing Market? One Man's Tale
- Appraisal Code Sparks Huge Response
- New Rules on Home Appraisals End Up Thwarting Many Sales
|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- Social Networking's 'Naked' Truth
- The Highest Grossing (Inflation Adjusted) Movies of All Time
- WPP's Sir Martin Sorrell on the Ad Recession
- Geek Squad V. Gizmodo
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Warren Buffett's Top Three Investment Rules for the Average American
- Why You Should Watch Fund Flows
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Fast Funds: Hot Ways To Play China
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
- Stimulus Will Kick in Later this Year: President Obama
- Lender CIT Group Hires Premier Bankruptcy Adviser
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- GM IPO in Second Quarter 2010 at the Earliest: CFO
- Merrill's McCann Seen as UBS Wealth Frontrunner
RSS FEED
Text Size 
 |
CNBC.com |
Centex [CTX
Loading...
()
] is going now, discussing how they've completely changed the business model from real estate developer to home manufacturer.
"You won't see Centex as a spec builder anymore," a company exec just said. They are downsizing and centralizing (the latter seeming counterintuitive given that real estate is local). They are very up front about how they're reducing the size of the company, the balance sheet and the markets they're in, as they "chase an increasingly weak market."
One interesting note: Centex Senior VP Larry Angelilli says that for the first time in his long tenure in this business he is seeing new homes compete with foreclosed homes. Usually that's apples and oranges, but so many foreclosures now are actually new homes that investors bought to flip and never actually occupied.
More later.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes