Feb 17th 2012 12:35PM
WASHINGTON -- Construction of single-family homes cooled off slightly in January after surging in the final month last year. But a rise in permits suggests that builders are growing more confident that more buyers are ready to come off the sidelines. The Commerce Department said Thursday that builders broke ground on a... Continue Reading »
Sep 20th 2010 12:30PM
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 »
Aug 25th 2010 2:29PM
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 »
Jun 30th 2010 1:19PM
Last week's news that sales of new homes dropped precipitously in May, combined with earnings statements that same week, propelled CEOs at top building firms to talk about what they see happening in the housing market as we head into the second half of 2010. Their words were surprisingly optimistic. New-home... Continue Reading »
Mar 16th 2010 12:15PM
If you're hoping that the federal home buyer tax credit will help you sell you home, be warned: Sometimes even massive federal subsidies can't beat Mother Nature. The latest indicators of the health in the housing market tanked in February, as blizzards kept workers from starting work on new homes and the snow also kept... Continue Reading »
