Economy, Housing Market | featured news

US home construction in 2012 highest in 4 years

U.S. builders started work on homes in December at the fastest pace since the summer of 2008 and finished 2012 as their best year for residential construction since the early stages of the housing crisis.

 

Housing’s renaissance could lead an economic recovery

Housing Renaissance

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.

 

Home prices post biggest jump in over six years: CoreLogic

Home prices posted their biggest annual jump in more than six years in October in a sign the housing sector continues to recover, data analysis firm CoreLogic said on Tuesday.

 

US pending home sales jump to nearly a 6-year high

An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years.

 

New home sales stagnant, casts shadow on housing

Housing Market

New single-family home sales fell slightly in October and the prior month's pace of sales was revised sharply lower, casting a small shadow over what has been one of the brighter spots in the U.S. economy.

 

Future of housing recovery bright in some U.S. markets

Housing Market

A housing comeback is now underway; that much is clear. Adding to a steady drumbeat of positive data for the sector, new data on Tuesday showed a surprising 3.6 percent gain in housing starts in October, which came on the back of a 15.1 percent rise in September.

 

Five economic trends to be thankful for

There is a dirty little secret about economics writing. The thing that offers the surest path to glory to front page play for a story, to lots of Web traffic, to a pat on the back from editors is doom and gloom. When we can point out something that is awful, whether it is a collapsing job market or rising poverty or skyrocketing gasoline prices, the world seems a whole lot more interested in what we have to say. It's not for nothing they call economics the dismal science.

 

US new home starts jump to fastest pace in 4 years

U.S. builders started construction last month on the most single-family homes and apartments since July 2008, more evidence that the housing recovery is gaining momentum.

 

Home resales climb, housing recovery gains traction

Home Resales

Home resales rose in October and a gauge of homebuilder sentiment climbed to a six-year high in November, a sign slow improvements in the labor market are helping the housing sector recovery gain traction.

 

FHA projected to exhaust reserves, could need bailout

FHA

The Federal Housing Administration, which has played a crucial role in stabilizing the housing market, said it ended September with $16.3 billion in projected losses -- a possible prelude to a taxpayer bailout.

 

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