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 »
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 »
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 »
Aug 26th 2010 4:09PM
If you thought the existing-home sales figures for July were depressing, better pop a Zoloft or two before glancing at the new-homes sales numbers for the same month. Sales of new homes fell to a 37-year low in July, a 12.4 percent drop from June. The Commerce Department reported that a seasonally adjusted 276,000 new... Continue Reading »
Aug 4th 2010 2:37PM
It seems remarkable -- indeed, almost unbelievable. But the data tells the tale: U.S. homebuilder D.R. Horton reported a profit for the third consecutive quarter yesterday, due to increased home sales and cost cutting. Revenue grew 51 percent to $1.38 billion in most recent quarter as the company sold 6,308 new homes, a 60... Continue Reading »
