Home prices in 20 major U.S. cities rose a better than expected 0.6% in July compared to June, according to the S&P/Case-Shiller Home Price survey. However, year-over-year gains slowed, suggesting a slowdown in the nation’s eco…
When it comes to real estate, the U.S. is hardly a homogeneous market. For instance, New York fell much less than Los Angeles did, and now both are rebounding. But the cities’ different local economics may yet put them on diver…
U.S. new-homes sales were unchanged in August, clocking in at a 288,000-unit annual rate — the second lowest level since 1963. Overall, new home sales flat-lined this summer after the home buyer tax credit ended, but there was…
Housing starts rose 10.5% in August to a seasonally adjusted annual rate of 598,000, providing hope that the sector is stabilizing. However, economists caution that monthly data have a large margin of error.
Co…
Lennar posted third-quarter earnings of $30 million, or 16 cents a share, compared with a loss of $171.6 million, or 97 cents a share, a year earlier.
Continue reading Lennar Earnings: Homebuilder Is Back in th…