U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construc…
Applications for mortgages dropped last week, as demand for refinancing loans fell.
The Market Composite Index, which measures total applications for mortgage loans, slipped 14.4% from a week earlier, on a seasonally adjusted basis. The figure does n…
The nation’s largest home improvement retailer
reported that its third quarter net earnings rose a higher-than-expected 21% due to lower expenses and cost cuts. Additionally, Home Depot raised its fiscal 2010 earnings outlook….
Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.
Accusations that major mortgage lenders including Bank of America Corp. (BAC), used fla…
The world economy is poised for more of the same in 2011: booming growth in China, India and Brazil, and a sluggish crawl in much of the rest of the developed world. Here are the five most important factors driving sluggish eco…