Posts with tag new homes

New homes construction ticked up only 0.3 percent from August to September. The 610,000 new homes begun last month represent a 28 percent rise from the record low of 477,000 in April 2007, though. That's based on Census Bureau housing-starts figures dating back to 1959. The relatively small increase is mostly in... Continue Reading »

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 »

With many economists blaming the end of the homebuyer tax credit for last month's dreadful home sales, at least one company is singing its praises. Luxury homebuilder Toll Brothers posted its first profitable quarter in nearly three years -- and the homebuyer tax credit is foremost on its list of thank-yous. The company... Continue Reading »

When looking for a home, Laura Hansen knew she was going to be making some compromises. Her previous home, in Annapolis, Maryland, was a townhouse in a development full of busy young professionals like herself. This time, she wanted more of a dream house, and for Hansen that meant a sprawling property with a dock... Continue Reading »

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 »