New Housing Starts Climb Again
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in July rose to an annual seasonally adjusted rate of 896,000, an increase of 5.9%…
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Newest first · Page 148Home Builder Confidence Up, So Why Are Their Stocks Diving?
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index rose by three points from a downwardly revised 56 in July to 59 in August. Last month’s reading had been the highest for…
Mortgage Loan Rates and Applications Lower
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.7% in the group’s seasonally adjusted composite index, following a rise of 0.2% for the previous…
America’s Favorite Summer Towns
ThinkstockSummer tourism provides a needed boost for many American cities. For some regions, the influx of visitors and people with summer homes is absolutely vital to the local economy. In over 25 of the…
Seven Cities at Risk of Rising Seas
ThinkstockIf climate change goes unchecked, sea levels in the United States could rise as much as 23 feet, affecting 18 million people in hundreds of cities along the nation’s coasts. According to the nonprofit…
Lowe’s to Complete Acquisition of California Home Improvement Stores
ThinkstockLowe’s Companies (NYSE: LOW) announced this morning that Orchard Supply Hardware Stores (OSHWQ) did not receive a higher bid than the $205 million Lowe’s offered in June and that the company will now seek…
Home Foreclosures, Mortgage Loan Delinquencies at Five-Year Low in Q2
ThinkstockThe delinquency rate for mortgage loans at the end of the second quarter of 2013 fell to a seasonally adjusted rate of 6.96%. That is 29 basis points lower than the delinquency rate of…
America’s Hottest Housing Markets
ThinkstockThe nation’s housing market continues to show a promising turnaround. Home prices rose by more than 5% between the second quarter of 2012 and the second quarter of 2013. Homes also are selling faster, and…
Mortgage Loan Rates Keep Lid on Home Refinancing
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a slight increase of 0.2% in the group’s seasonally adjusted composite index following a drop of 3.7% for the…
Mortgage Loan Closing Costs, Fees Up 6%: 10 States Where Costs Are Highest
ThinkstockBuyers looking for a new house or homeowners looking to refinance a mortgage get hit with a blizzard of fees and charges that are collectively known as closing costs. The costs vary depending on…
Housing Market Expectations Not Adding Up Against Homebuilder Shares
ThinkstockYou have probably noticed in the last couple of months that some of the strong housing recovery news headlines have tamed. Some of the price hikes, existing home sales, permits reports, pending contracts, and…
Nine Cities Running Out of Water
ThinkstockSevere drought continues to threaten the water supply of large parts of the Western U.S. According to a group that monitors drought conditions, Lubbock, Texas has averaged the worst level of drought since the…
June New Construction Spending Slightly Lower Following May Revision
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in June dropped by 0.6% to an estimated seasonally adjusted annual rate of $883.9 billion from an upwardly revised estimate of $889.4 billion in…
Mortgage Loan Rates Steady Last Week, but Refinancings Continue Slide
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 3.7% in the group’s seasonally adjusted composite index following a drop of 1.2% for the previous…
Case-Shiller House Prices Up Sharply in May
ThinkstockThe S&P/Case-Shiller home price index for May posted record gains. The 20-city composite rose 12.2% year-over-year, more than the consensus estimate for a gain of 10.9%, and above the record April increase of 12.1%.…