Home builders - Articles

Homebuilder Sentiment Stabilizes in November

Patrick Fallon/Bloomberg via Getty Images By Richard Leong NEW YORK -- U.S. homebuilder confidence stabilized in November after falling for two straight months, though steady home demand was tempered by worries about further fiscal battles in Washington, the National Association of Home Builders said Monday. The... Continue Reading »

September's Home Price Rise Shows Biggest Gain in 6 Years, CoreLogic Reports

By Christopher S. Rugaber WASHINGTON -- A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery. The real estate data provider also said Tuesday that... Continue Reading »

Home Prices Rise in August: Sign of Steady Housing Recovery

By Christopher S. Rugaber WASHINGTON -- Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery. The Standard & Poor's/Case Shiller index reported Tuesday that... Continue Reading »

Housing Starts: Signs of Life Have Builders Hopeful

WASHINGTON -- Construction of single-family homes cooled off slightly in January after surging in the final month last year. But a rise in permits suggests that builders are growing more confident that more buyers are ready to come off the sidelines. The Commerce Department said Thursday that builders broke ground on a... Continue Reading »

New Home Sales 2011: Worst Year on Record

WASHINGTON -- Fewer people bought new homes in December. The decline made 2011 the worst year for new homes sales on records dating back nearly half a century. The Commerce Department said Thursday that new-home sales fell 2.2 percent last month to a seasonally adjusted annual pace of 307,000. The pace is less than half... Continue Reading »

Construction Spending Builds, Thanks to Housing

WASHINGTON -- Construction spending jumped in November as builders spent more on single-family homes, apartments and remodeling projects. The Commerce Department said Tuesday that spending on construction projects rose 1.2 percent in November, following a revised 0.2 percent drop in October. The increase was the third in... Continue Reading »

Jodie Foster's Dad Guilty of Housing Fraud

LOS ANGELES -- Jodie Foster's estranged father faces more than 25 years behind bars after being convicted of bilking more than $100,000 from the poor and elderly in a home-building scheme. City News Service reports that Lucius Foster (pictured above) was convicted of 21 misdemeanor counts of grand theft after a jury... Continue Reading »

Builders Most Optimistic Since 2009, For What That's Worth

WASHINGTON -- U.S. homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn't changed enough to signal a recovery anytime soon. The National Association of Home Builders says its builder sentiment index rose to 20 in November. That's the highest level since May 2010... Continue Reading »

New Home Sales Rise After 4-Month Decline

WASHINGTON -- Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices in the face of depressed demand. Analysts say the modest increase on the back of reduced prices suggests the struggling housing market is years away from a turnaround. The Commerce Department... Continue Reading »

The 10 States Where No One Wants to Buy a New Home

There is a strong indication that homebuilders have almost ceased activity in several states as demand for newly built homes has dwindled. The slowdown in new home permits is particularly stark when compared to the total number of existing homes in each state. 24/7 Wall St. looked at the statistics for building permits to... Continue Reading »

Housing Starts Drop Amid Glut of Inventory

WASHINGTON - Builders broke ground on fewer single-family houses in July, leaving home construction at depressed levels. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from June. That's half the 1.2 million homes per year that... Continue Reading »

Homebuilder Confidence Stays Flat As Obstacles Persist

WASHINGTON - Homebuilders are just as pessimistic about the depressed housing market as they were two years ago. The National Association of Home Builders said Monday that its index of builder sentiment in August was unchanged at 15. The index has been below 20 for all but one month during the past two years. Any reading... Continue Reading »

Home Builder Confidence Rises, Tempered by Doubts

WASHINGTON -- The outlook among U.S. homebuilders became a bit rosier in June, but the future prospects for home construction are anything but promising. An index of builders' outlook for their industry in June rose two points to 15, the National Association of Home Builders said on Monday. Any reading below 50 indicates... Continue Reading »

Number of New Home Sales Drops, but So Does Supply

Just as the market was starting to pick up steam, skittish buyers have once again cooled its engines. After two months of growth, new home sales in May dropped 2.1 percent, according to Census figures released Thursday. But the record-low inventory of new construction could mean we'll see the light at the end of the tunnel... Continue Reading »

Housing Starts Beat Expectations, Rise 3.5%

Housing starts rose 3.5 percent in May to the highest level in months and well above most analysts' estimates. The Commerce Department said construction of 560,000 new homes was started last month, compared to 541,000 a month earlier. Despite the monthly increase, new home construction in May fell 3.4 percent from last... Continue Reading »

Home Builders Spending Half of Healthy Level

Home builders are sitting on their hands, as are apartment and government project builders, with building activity at around half the $1.5 trillion that would constitute a robust construction environment. Construction spending declined for the third month in a row in February, falling 1.4 percent, according to the... Continue Reading »

Home Builders Brighten Their View -- a Bit

Homeowners, take heart -- the market shows signs of life yet. For the first time in four months, home builder confidence inched up one point to its highest level since May. Home builder confidence in new, single-family homes rose to a score of 17 in March, according to the National Association of Home Builders/Wells Fargo... Continue Reading »

New Homes Smaller, but Not in Price

New-home buyers are downsizing their square footage to better suit their lifestyles, but are not necessarily paying lower prices for their new-construction homes, say some homebuilders. In several cases, new-home buyers are probably spending more per square foot in order to be cost-efficient on heating and cooling, while... Continue Reading »

Chinese Drywall Case: Builders Get a Break

A court decision in Florida recently exonerated homebuilders who'd used Chinese drywall, since they were not within the distribution chain. But they are not completely off the hook. While builders won't be held to rules of "strict liability" for homes impacted by allegedly toxic Chinese drywall, this ruling is not a... Continue Reading »

Homebuilders' Confidence Locked in the Basement

The slackened demand for new homes has kept the National Association of Home Builders monthly index of builders' sentiment unchanged in September at 13 (numbers below 50 connote a negative outlook). For the second consecutive month, the index has remained at an 18-month low. The index is composed of foot traffic from... Continue Reading »

New-Home Builds Increase, Fall Short of Forecasts

Builders are building more new homes, but apparently not enough to constitute a recovery. While housing starts increased 1.7 percent in July, to 546,000, those numbers were substantially lower than the 560,000 anticipated, according to the Commerce Department. New building permits fell 3.1 percent to a 14-month low,... Continue Reading »

Major Homebuilder Reports 60% Sales Increase

It seems remarkable -- indeed, almost unbelievable. But the data tells the tale: U.S. homebuilder D.R. Horton reported a profit for the third consecutive quarter yesterday, due to increased home sales and cost cutting. Revenue grew 51 percent to $1.38 billion in most recent quarter as the company sold 6,308 new homes, a 60... Continue Reading »

Hiring a Home Staging Professional

At a time when many companies are downsizing or closing, the home staging business is booming. Home staging was listed as one of seven emerging growth industries according to a 2009 CNN report. The growth is attributed to the stagnant real estate market. With homes taking longer to sell, there ends up being more homes... Continue Reading »

Homebuilders Lose Confidence After Homebuyer Tax Credit Expires

It was the tax credit, after all. Or so it seems. One of the timeliest leading indicators for real estate prices -- the homebuilder confidence survey published by the National Association of Home Builders/Wells Fargo -- dropped five points, or 22 percent, in June to a reading of 17. That's the lowest level since March,... Continue Reading »

Mother Nature Blasts Housing Starts, Permits

If you're hoping that the federal home buyer tax credit will help you sell you home, be warned: Sometimes even massive federal subsidies can't beat Mother Nature. The latest indicators of the health in the housing market tanked in February, as blizzards kept workers from starting work on new homes and the snow also kept... Continue Reading »

Everybody Panic: The Coming Housing Shortage

The U.S. has a real estate problem. It appears we don't have enough homes to put a roof over everyone's heads. Say what? That's the warning from housing economist David Crowe, who projects that the number of homes now being built – on pace toward 591,000 homes and 87,000 rental apartments in 2010 -- isn't enough... Continue Reading »

Battling Back, Home Builders Cut Options

Since almost the day they were born, suburbs have been criticized for their plain vanilla sameness. Is the downturn causing the landscape to become even more look-alike? Faced with declining demand for new homes and a glut of inventory, home builders are cutting house plans from their portfolios and standardizing on... Continue Reading »

2009 Was Home Builders'

If you're looking for a sunny outlook on the economy, skip the International Builders' Show in Las Vegas. The outlook for home builders is poor with only a slight chance of recovery in 2010. Ongoing joblessness and steady foreclosures are keeping U.S. builders from feeling confident about a quick recovery for the housing... Continue Reading »

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