Apr 30th 2013 11:00AM
By Les Christie Demand among homebuyers is so high in some parts of the country that builders are holding lotteries to decide who gets to purchase homes in their developments. O'Brien Homes started holding a monthly housing lottery for its 228-unit development called Fusion in Sunnyvale, Calf., after seeing throngs of... Continue Reading »
Apr 30th 2013 9:45AM
By Christopher S. Rugaber WASHINGTON -- U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes. The Standard & Poor's/Case-Shiller 20-city home price index increased from an... Continue Reading »
Mar 20th 2013 5:00PM
By Nin-Hai Tseng As America's housing market slowly heals, good news is pouring in from homebuilders: They're building more; they're hiring more workers; they're building bigger houses. Still, some things haven't changed: Renters (as opposed to buyers) are still driving the rebound of the residential construction... Continue Reading »
Sep 19th 2012 12:00PM
By Christopher S. Rugaber WASHINGTON -- A jump in sales of previously occupied homes and further gains in home construction suggest that the U.S. housing recovery is gaining momentum. Sales of previously occupied homes rose 7.8 percent in August from July to a seasonally adjusted annual rate of 4.82 million, the National... Continue Reading »
Sep 18th 2012 11:55AM
By Alex Veiga LOS ANGELES -- Confidence among U.S. homebuilders rose this month to its highest level in six years and many expect the housing recovery will strengthen in the next six months. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday increased to 40 in September. That's... Continue Reading »
