Home prices rose 6.3% in October compared with the same month a year ago, the largest monthly increase since June 2006 according to research firm CoreLogic (NYSE: CLGX). Month-over-month, however, October prices fell 0.2%,…
Like all bubbles that have burst, the housing crisis left an extremely scarred landscape. What used to be a fairly routine mortgage process for a qualified home buyer has turned into a not so…
Toll Brothers Inc. (NYSE: TOL) reported fourth-quarter and full-year fiscal 2012 results before markets opened this morning. The luxury homebuilder reported quarterly diluted earnings per share (EPS) $2.35 on revenues of $632.8 million. In…
Rest easy, Fannie Mae and Freddie Mac have told people with homes in foreclosure. This holiday season there will be no coal in your stockings. Evictions will be delayed until January 2 of next year.…
The U.S. Census Bureau reported this morning that construction spending in October rose by 1.4% to an estimated seasonally adjusted annual rate of $872.1 billion from a revised estimate of $860.4 billion from September.…
The National Association of Realtors (NAR) this morning released its data on pending home sales in October. The index rose 5.2% from an upwardly revised 99.6 in September to 104.8, and it is 13.2%…
ThinkstockA disappointing report for new home sales in October sure took a bite out of the homebuilder stocks today. The Census Bureau showed a 0.3% decline to 368,000 on an annualized basis. This was only…
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for October. Sales fell 0.3% month-over-month, to a seasonally adjusted annual rate of 368,000. Economists had been expecting a seasonally adjusted…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a decline of 0.9% in the group’s seasonally adjusted composite index compared with last week’s drop of 2.2%. The…
Flickr, Images of MoneyThere is a report on the national household debt from the Federal Reserve Bank of New York showing a decrease in household debt by Americans. Today’s report in the third quarter…
ThinkstockThe S&P/Case-Shiller home price index for September was higher for the sixth consecutive month. The 20-city composite rose 0.3% in September, lower than the consensus expectation for a rise of 0.4% and below the…
Flickr, Images of MoneyEquity Residential (NYSE: EQR) and Avalonbay Communities Inc. (NYSE: AVB) are acquiring Archstone Enterprises LP. This deal is for the portfolio of apartment properties under Lehman Brothers Holdings Inc. Today’s deal…
ThinkstockReal estate information website Zillow Inc. (NASDAQ: Z) said this morning that U.S. home prices rose 1.1% month-over-month in October, marking the 12th consecutive monthly increase and the largest single monthly increase since August…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a decline of 2.2% in the group’s seasonally adjusted composite index compared with last week’s increase of 12.5%. Unadjusted,…
ThinkstockToday brought another report from the housing sector and the news is good. Housing Starts rose by 3.6% to 894,000 in October, and September was revised slightly higher to 15.1% from 15.0%. Bloomberg was…