Home builder confidence unexpectedly rose in October, the National Association of Home Builders said Monday. What’s more, while the housing sector still faces many hurdles — including the U.S. economy’s health — the group add…
The latest data from RealtyTrac reveals another bruising quarter for foreclosures. In September alone, the number of homes repossessed by banks hit a record 102,134.
Continue reading More Than 100,000 Homes Rep…
U.S. pending home sales rose a better-than-expected 4.3% in August. The second straight monthly rise in pending sales may be another sign of housing sector stabilization, or it may merely reflect an elongated impact of the home…
One month doesn’t make a trend, but builders in the beleaguered U.S. construction sector will take any good news they can get, and in August they received some: an unexpected 0.4% increase in construction spending, led by government-funded projects.
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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…