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 »
May 27th 2010 4:00PM
The headlines are full of the great news about new home sales. And some of them are warranted. New sales of single-family houses soared 14.8 percent to a seasonally adjusted annual rate of 504,000 units. The April gain followed a 29.8 percent surge in March, the biggest monthly increase in 47 years, according to the... Continue Reading »
