ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index for August rose two points to 55 from a reading of 53 in July. The reading was higher than a consensus forecast of…
ThinkstockForeclosure activity in the United States rose by 2% in July, a move so small that it does not say much about the direction of the housing industry. The foreclosure situation remains dire in…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 2.7% in the group’s seasonally adjusted composite index following a rise of 1.6% in the previous…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.6% in the group’s seasonally adjusted composite index following a drop of 2.2% for the previous…
ThinkstockIt was just last week that we pondered whether the awful housing news would drive the homebuilder stocks to 52-week lows. It was not meant to be rhetorical, but it was not exactly a…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2.2% in the group’s seasonally adjusted composite index. That followed a rise of 2.4% for the…
ThinkstockIf you were in the business of flipping houses or buying a home and using it as a personal piggy bank each time the equity in the home rose, you were familiar with the…
ThinkstockThe S&P/Case-Shiller home price index for May tumbled 1.5% for both the 20-city and the 10-city composite indexes. The 20-city composite rose 9.3% year-over-year, well below the consensus estimate for a gain of 9.9%.…
ThinkstockThe National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes in June. The pending home sales index slipped 1.1% from an index reading of 103.8 in May…
ThinkstockWhat ever happened to that prolonged, multiyear housing market recovery? Maybe the private equity buyers bought up all the bargains so fast that public transition cycle from owner to renter back to owner just…
ThinkstockThe U.S. Census Bureau Thursday morning released data on new single-family home sales for June. Sales fell 8.1% month-over-month, to a seasonally adjusted annual rate of 406,000, from a downwardly revised May sales figure…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted an increase of 2.4% in the group’s seasonally adjusted composite index, following a decline of 3.6% for the…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in June rose 2.6% to 5.04 million from an upwardly revised total of 4.91 million in May.…
Wikimedia CommonsThe Detroit Land Bank’s efforts to sell massive inventories of unoccupied homes continues at a snail’s pace. The Detroit Land Bank Authority currently has 20 homes available for auction, with starting bids as…
UBS is relatively positive on the homebuilding industry, but the analysts also have lowered the number of stocks rated Buy in their coverage to just four.