Most Recent in News economics

Fewer delinquent mortgages than a year ago, bankers say
on August 22,2011

The delinquency rate on residential mortgages dropped from last year but is up from the first quarter, according to the Mortgage Bankers Association

New York congressman introducing new housing stimulus
on August 22,2011

U.S. Rep. Gary Ackerman, D-N.Y., is planning to introduce "Homestead: Act 2," a bill designed to encourage homeownership by offering potential homeowners incentives to invest in existing homes.

June remodeling activity at record level
on August 16,2011

The remodeling market continues to grow despite the ongoing challenges of the economy, according to the latest BuildFax Remodeling Index. June's mark of 129.5 is the highest since BuildFax started...

Freddie Mac reports lower mortgage delinquency rate
on August 09,2011

Sales of foreclosed homes continue to make up a significant portion of sales of Freddie Mac-backed mortgages, but fewer homes are entering foreclosure

New Online Course Helps Construction Professionals Leverage Tax Incentives
on August 03,2011

Propane Education & Research Council offers tips for remodelers and builders to navigate tax incentives

merger, alliance, comstock, home builder, homebuilder
Comstock and SunBridge Capital Management form alliance
on July 19,2011
Comstock and SunBridge Capital Management formed a strategic alliance to facilitate the companies’ pursuit of home building and multi-family rental projects in the Capital.
foreclosures, housing market, delinquent homes, foreclosure filings
RealtyTrac: June foreclosures up for first time in three months
on July 18,2011
Four percent increase means a step toward clearing the housing market backlog
new home sales, housing starts, 2011 housing market, 2012 housing market
Fitch: 2011 still looking bleak for new, existing home sales
on July 18,2011
New home sales are expected to decline by the year’s end, although 2012 looks brighter, according to Fitch Ratings.
foreclosures, housing market, home prices, house prices
White House looks to housing policy fixes
on July 13,2011
The Obama administration, which last year adopted a laissez-faire attitude toward the housing market, is now turning its attention reviving the market because of its drag on the economy in general,...
foreclosures, housing market, home prices, house prices
HUD secretary: Home prices set to rise as early as Q3
on July 06,2011
Prices for U.S. homes may climb as early as the third quarter as waning foreclosures make more existing homes available for sale, said Housing and Urban Development (HUD) Secretary Shaun Donovan in a...
home price index, home sales, housing market, real estate market
CoreLogic report: Home prices increase for second consecutive month
on June 30,2011
Home prices in the U.S. increased by 0.8 percent in May 2011 compared with April 2011, according to CoreLogic. This is the second consecutive month-over-month increase.
case-shiller, home prices, home indices, april home prices
S&P/Case-Shiller: April sees seasonal boost in home prices
on June 28,2011
Data through April 2011, released Tuesday by S&P Indices for its S&P/Case-Shiller Home Price Indices, show a monthly increase in prices for the 10- and 20-City Composites for the first time...
May new home sales beat estimates, top 2010 levels
on June 23,2011
Sales of new homes beat expectations for May, but are still at historically low levels, according to the U.S. Census Bureau. May sales were at a seasonally adjusted annual rate of 319,000, 13.5...
Existing home sales down, inventory up in May
on June 21,2011
Sales of existing homes dropped 15 percent from a year ago, NAR reported
foreclosure, housing market, real estate market, mortgage, housing bubble
Courts may decide housing market’s future
on June 20,2011
Courts all over the country are hearing cases about foreclosure challenges. The outcomes of the hundreds of lawsuits making their ways through the courts could ultimately determine the future of the...
housing market, real estate market, invest, home investment
Best markets for forward-thinking real estate investors
on June 17,2011
Depressed home prices. Ever-expanding pool of renters. Lethargic home sales. These sound like reasons to be pessimistic about the housing market, but savvy investors are finding opportunity to snap...
BuildFax Remodeling Index Shows Top April on Record
on June 15,2011
Remodeling activity in April hit the highest level for the month since BuildFax started tracking the market in 2004
renters, rental market, rising rents, tenants, landlords
Rents expected to rise this year and next
on June 15,2011
Multifamily construction was halved in recent years, and with a surplus of would-be renters, conditions are suddenly ideal for landlords to raise the rent.
NAHB, budget, spending, economy, consumer, deleverage
NAHB says households still on tight budgets
on June 14,2011
Federal data indicates that individuals continue to shy away from taking on new debt while they deleverage, or pay off debts and restore net worth to norms.
housing market, housing crisis, home building, homebuilding
How the housing market can save the U.S. economy
on June 13,2011
Just as the U.S. housing market was the main culprit of the economic downturn, it is key to the recovery, writes Money Morning contributing editor Shah Gilani. Gilani presents a compelling plan to...