Housing

home building

New Housing Starts Take Double-Digit Dive in August

The U.S. Census Bureau and the Department of Housing and Urban Development reported Thursday morning that new housing starts in August fell sharply to a seasonally adjusted annual rate of ...
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construction

Homebuilder Confidence at 9-Year High

The National Association of Home Builders (NAHB)/Wells Fargo housing market index for September rose four points to 59 from a reading of 55 in August. The reading was higher than ...
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home building

Lennar Clears Lowered Bar, CEO Pats Himself on the Back

Lennar Corp. (NYSE: LEN) reported third-quarter fiscal 2014 results before markets opened Wednesday. The homebuilder reported quarterly diluted earnings per share (EPS) of $0.78 on total revenues of $2.01 billion. ...
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House for Sale

Mortgage Loan Rates Jump as Loan Applications Rise

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 7.9% in the group’s seasonally adjusted composite index, following a drop of ...
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foreclosure notice

Florida’s Huge Foreclose Rate Grows as National Rate Jumps 7%

The foreclosure rate nationwide moved higher by 7% in August, but several states, led by Florida, had the worst of it. According to one of the nation's top real estate ...
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House for Sale

Mortgage Loan Rate Dips on Jumbo Loans

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 7.2% in the group’s seasonally adjusted composite index, following a rise of ...
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Toll Brothers Beefs Up Estimates, Sees Yearly Revenues Up 40%

Toll Brothers Inc. (NYSE: TOL) reported third-quarter fiscal 2014 results before markets opened Wednesday. The luxury homebuilder reported quarterly diluted earnings per share (EPS) of $0.53 on revenues of $1.06 ...
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House for Sale

Mortgage Loan Rates Ticked Higher Last Week, Keeping Buyers Away

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 0.2% in the group’s seasonally adjusted composite index. That followed a rise ...
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Detroit $1,000 Home Program Stumbles

The concept was simple. Take dilapidated homes taken over by the city of Detroit and auction them off at a base price of $1,000 each. Bidding and eventual sales prices ...
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home prices

U.S. Home Prices Rise Most in Northeast

Home prices in the United States rose for the 29th consecutive month in July, but the increases have slowed sharply in the past two months. Compared with July of 2013, ...
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New home

Average Home Price Hits $191,000

Depending on which real estate data analysts use, the housing market in America is either red hot or improvements have slowed considerably. Information from RealtyTrac supports the rapid improvement case. ...
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San Francisco

Cities With the Most (and Least) Underwater Mortgages

The number of U.S. homes with underwater mortgages (i.e., the amount owed on the mortgage is greater than the market value of the home, often called negative equity) has been ...
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Mortgage Loan Rates Mostly Lower as Applications Rise

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 2.8% in the group’s seasonally adjusted composite index, following a rise of ...
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General Motors headquarters

Detroit’s Housing Market Has Never Recovered

S&P Case Shiller released its housing data for June, and Detroit did fairly well. Home prices rose 10.3%, compared to the same month last year. That was against a national ...
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Las Vegas Home Prices Surge 15%

The only U.S. city to post a year-over-year home price increase of more than 15% in June was Las Vegas, where prices rose 15.2% from June 2013. The city’s home ...
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