ThinkstockHome prices rose 5% in September 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, September fell 0.3% compared…
thinkstockWhen the White House was first occupied, by John and Abigail Adams, in November of 1800, the U.S. government had spent about $232,000 to build the president’s residence. That building, burned during the War…
ThinkstockIn its October survey of senior lending officers, the Federal Reserve Bank notes that borrowing requirements have been relaxed for business lending and some consumer lending in the past three months. Home mortgage loans,…
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in September rose by 0.6% to an estimated seasonally adjusted annual rate of $851.6 billion from a revised estimate of $846.2 billion from August.…
flickr / gsfcShort sellers seem to have intuitively known as early as October 15 that Hurricane Sandy was going to be a real bruiser of a storm for the Eastern Seaboard. While that is…
According to CoreLogic’s National Foreclosure Report for September, some 57,000 foreclosures in the United States were completed in September 2012. That was down about 31% from 83,000 in September 2011, as well as down…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.8% in the group’s seasonally adjusted composite index, compared with last week’s decrease of 12%. Unadjusted,…
thinkstockBuried a bit in the new Case-Shiller data on home prices for August were several markets that still have not recovered much from the housing wreck triggered by the recession. The overall increase, the…
The S&P/Case-Shiller home price index for August rose sharply, compared with the July index and house prices were higher on an annual basis as well. The national composite rose 0.9% on both the 10-…
Weyerhaeuser Co. (NYSE: WY) reported third-quarter 2012 results before markets opened this morning. The wood products REIT posted adjusted diluted earnings per share (EPS) of $0.22 on revenues of $1.77 billion. In the same…
Virtually every publicly traded homebuilder stock has posted a new 52-week high in the last month and many now trade above their consensus target prices even though they have come off those highs somewhat.…
The National Association of Realtors (NAR) this morning released its data on pending home sales in September. The index rose from 99.2 t0 99.5, and is 14.5% higher than in September 2011 when the…
The U.S. Census Bureau this morning released data on new single-family home sales for September. Sales rose 5.7% month-over-month, to a seasonally adjusted annual rate of 389,000. Economists had been expecting a seasonally adjusted…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 12% in the group’s seasonally adjusted composite index compared with last week’s decrease of 4.2%. Unadjusted,…
The National Association of Realtors (NAR) reported this morning that existing home sales declined by 1.7% to a seasonally adjusted annual rate of 4.75 million units in September, compared with an upwardly revised 4.83…