WASHINGTON -- U.S. builders broke ground on the most new homes and apartments in nearly four years last month, the latest evidence that the housing market is recovering. The Commerce Department said Wednesday that housing starts rose 6.9 percent in June from May to a seasonally adjusted annual rate of 760,000. That's the... Continue Reading »
Jan 3rd 2012 12:20PM
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 »
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 »
Apr 25th 2011 10:32AM
The market for new homes showed some unexpected life last month. New home sales rose 11.1 percent to annual rate of 300,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. While this marks a nice bump up from the February rate of 270,000, it does not yet... Continue Reading »
Feb 17th 2011 11:15AM
If buyers could see from the start how energy efficient new homes save major dollars on energy costs, would they be more likely to open their wallets wider for a new home over old? In a market heavy with competition from distressed properties, Los Angeles-based builder KB Home and other new-home companies are betting they... Continue Reading »
