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…
Inadequate job growth and a rising supply of unsold homes continue to weigh on the housing market. The homebuilder confidence index remained unchanged in September — its lowest level since March 2009.
Continu…
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…
Tuesday alone brings news on housing starts and permits and the latest policy statement from Fed Chairman Ben Bernanke. Investors will also contend with new- and existing-home sales, durable goods, leading indicators and weekly…