Oct 26th 2011 11:20AM
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 »
Aug 22nd 2011 4:00PM
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 »
Aug 16th 2011 5:15PM
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 »
Aug 15th 2011 12:45PM
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 »
Jul 18th 2011 11:01AM
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 »
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