consumer spending - Articles

U.S. Homebuilder Confidence Surges in December

Mike Groll/AP By ALEX VEIGA U.S. homebuilders' confidence bounced back strongly this month, a sign that construction and industry hiring may pick up in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday climbed to 58. That was up from 54 in November and matched... Continue Reading »

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 »

Average U.S. 30-Year Mortgage Rate Slips to 4.22%

Frederic J. Brown, AFP/Getty Images By MARCY GORDON WASHINGTON -- Average U.S. rates on fixed mortgages fell for the third straight week to their lowest point in three months, as a decline in consumer confidence and the onset of the government shutdown forced rates down. Mortgage buyer Freddie Mac said Thursday that the... Continue Reading »

Viewpoint: Is Housing Crisis Just a State of Mind?

Is it possible that the housing crisis is really just a problem caused by our state of mind, not the state of the economy? Is the thing stopping people from buying houses nothing more than their perceptions? Apparently, to some extent, yes. We are having what, if economists talked like this, could be described as an... Continue Reading »

Real Estate News Roundup

It's been a rocky week for residential real estate, with many leading indicators plummeting into negative territory. The big question is whether we're headed for a double dip in home prices, or if the market will slowly stabilize. HousingWatch has gathered some of the top headlines from TV and print in the past 24... Continue Reading »

Where Did Your Rent Money Go? The Art of Buying Less

In Obsessive Consumption, Portland-based artist Kate Bingaman-Burt examines consumerism through art. Faced with credit card debt, Bingaman-Burt responded by documenting her experience through drawing and photography. The book represents a selection of three years worth of Bingaman-Burt's ink drawings. I had the pleasure... Continue Reading »

AOL RealEstate on Facebook