June Pending Home Sales Index Slips
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending sales of existing homes in June. The pending home sales index slipped 0.4% from a downwardly revised 111.3 in May to…
Housing
All Housing Articles
Newest first · Page 149Homebuilder D.R. Horton Continues Getting Well
ThinkstockD.R. Horton Inc. (NYSE: DHI) reported third-quarter fiscal 2013 earnings before markets opened this morning. The home builder posted diluted earnings per share (EPS) of $0.42 on revenues of $1.6 billion. In the same period…
New Home Sales Rise Sharply in June
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for June. Sales rose 8.3% month-over-month to a seasonally adjusted annual rate of 497,000, from a downwardly revised May sales figure…
Mortgage Loan Rates Falling, Slowing the Drop in Mortgage Applications
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 1.2% in the group’s seasonally adjusted composite index, following a drop of 2.6% for the previous…
Home Depot, Lowe’s May Be Hit by Real Estate Trends
ThinkstockToday’s report from the National Association of Realtors (NAR) on existing home sales in June may mean that there is trouble brewing for home improvement centers like The Home Depot Inc. (NYSE: HD) and…
Home Sales Slow in June
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in June fell 1.2% to 5.08 million from a downwardly revised total of 5.14 million in May.…
J.P. Morgan Chase Loses Foreclosure Case in Oregon Jury Trial
ThinkstockIn the first jury trial to be held in Oregon in a case of wrongful foreclosure, J.P. Morgan Chase & Co. (NYSE: JPM) did not fare well. The bank was scolded by the judge…
Freddie Mac: Mortgage Loan Rates Easing Back
ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported that mortgage rates for fixed-rate loans have finally broken a two-month string of weekly increases. The interest rate on a 30-year…
New Housing Starts, Building Permits Drop in June
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in June fell to an annual seasonally adjusted rate of 836,000, a decrease of 9.9%…
Rising Mortgage Loan Rates Reverse Trend, Begin Falling
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 2.6% in the group’s seasonally adjusted composite index, following a drop of 4% for the previous…
Home-Buying Affordability Remains High
ThinkstockRising mortgage interest rates have not had an appreciable impact on housing affordability yet. Only in Washington, D.C., and Hawaii are current house prices unaffordable based on median home prices and median income levels.…
Home Builder Confidence Strong Again in July
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index rose by six points from 51 in June to 57 in July. Last month’s reading had been the highest for the index since…
IPO Filing: Associated Materials Group, Residential Building Products
ThinkstockAssociated Materials Group Inc. has filed its paperwork with the Securities & Exchange Commission to conduct an initial public offering (IPO) of its common stock. The IPO is expected to trade under a yet…
Can Fresh Housing Stocks Enthusiasm Continue as Mortgage Rates Rise?
ThinkstockThe stock market may be challenging all-time highs again, but interest rates have skyrocketed and mortgage applications have hit a serious soft patch as a result. As interest rates rise, it drives up the…
Mortgage Loan Rates Still Rising — Freddie Mac
ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported that mortgage rates for fixed-rate loans have continued a nearly two-month streak of increases. The interest rate on a 30-year fixed-rate…