Most Recent in News economics

10 hottest housing markets for first-time buyers
on June 11,2012

Fresno, Calif., and Camden, N.J., were among the top 10 housing markets for first-time home buyers in 2011, according to a new report from Inman News. See which other markets made the list.

5 fastest growing (and shrinking) states by GDP
on June 08,2012

A new report from the U.S. Bureau of Economic Analysis offers a state-by-state breakdown of real gross domestic product last year. North Dakota saw the largest GDP gain in 2011, up 7.6 percent,...

More than 700 home builders made their way to Capitol Hill this morning to meet
on June 06,2012

More than 700 home builders made their way to Capitol Hill this morning to meet with their representatives and senators on several key housing issues, including legislation to help restore the...

Sales of new single-family houses in April 2012 were at a seasonally adjusted an
on May 23,2012

Following yesterday's upbeat existing-home sales report, today's new-home sales data offers more positive news for the housing market. Sales of new single-family houses in April 2012 were at a...

FHFA, short sales, process, new rules, timetable, review, foreclosure
on April 20,2012

In an attempt to reduce the number of foreclosures nationwide, the Federal Housing Finance Agency introduced new rules for the short sale process on Thursday, according to CNN Money.

on April 16,2012

The BuildFax Remodeling Index shows big growth in all regions

Jamie Dimon, JP Morgan, housing market, optimism, 9 signs, turnaround
on April 10,2012

In his annual letter to investors, JP Morgan CEO Jamie Dimon offered an optimistic outlook on the housing market for 2012.

CoreLogic Home Price Index, HPI, February, monthly increase, distressed sales
on April 06,2012

The latest release of CoreLogic’s Home Price Index (HPI) showed that, excluding distressed sales, month-over-month prices increased 0.7 percent in February from January.

Wells Fargo, NAHB, forecast, housing, consumer confidence, home prices, increase
on April 04,2012

Wells Fargo has upgraded its outlook on the housing market in its April forecast, thanks to modest upswings in consumer confidence and home prices nationwide.

Toll Brothers, high-end home builders, new home sales, home prices, increases
on March 30,2012

Toll Brothers CEO Douglas Yearley told CNBC this week the company was having its “best spring in five years,” just one sign the high-end housing market is starting to recover, according to...

Case-Shiller, S&P, January, home price index, composite, return rates
on March 28,2012

The latest release of S&P’s Case-Shiller indices found that home prices rose in Miami, Phoenix, and Washington, D.C., in January, according to HousingWire. In addition, 10 markets were able to...

Pending Home Sales Index, PHSI, NAR, realtors, February 2012, home buying
on March 27,2012

Pending home sales remained notably above the pattern in the first half of last year, but were down slightly from the previous month , according to the National Association of Realtors.

New home sales, February 2012, Census Bureau, HUD, decrease
on March 23,2012

New home sales figures for February, released today by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), indicated 313,000 new homes were sold for the month.

FHFA, Home Price Index, HPI, fourth quarter 2011, decline
on March 22,2012

U.S. house prices fell modestly in the fourth quarter of 2011 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI).

existing home sales, NAR, February, regional, national, transactions
on March 21,2012

February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of...

Integrity Composites, GAF, composite decking, acquistion
on March 13,2012

Integrity Composites LLC has acquired the DuraLife composite decking line from GAF Building Materials.

FHFA, securitization, mortgages, scorecard, GSEs, plan, deadline
on March 12,2012

The Federal Housing Finance Agency (FHFA) announced a deadline of Dec. 31, 2012 for the implementation of a new securitization platform.

Arizona, where home prices have dropped 51 percent since 2006, is one of the fou
on March 12,2012

New data from the U.S. Department of Labor indicates that Arizona, California, Florida, and Nevada — the four states hit hardest by the housing market collapse — are now seeing the most jobs...

CoreLogic, Home Price Index, HPI, January 2012, appreciation, depreciation
on March 07,2012

CoreLogic’s Home Price Index revealed home prices, including distressed sales, declined on a year-over-year basis by 3.1 percent in January 2012 and by 1 percent compared to January 2012, the...

NAHB, study, net profit, 2010, 2008, growth, operating costs, assets
on March 06,2012

A new report from NAHB shows single-family builders pulled in $7.1 million in revenue in 2010 and were left with $39,000 in net profit, a rate of 0.5 percent.