Builder confidence in the market for newly built, single-family homes rose two points to 17 in February as favorable home buying conditions and signs of healing in the job market helped boost the National Association of Home Builders/Wells Fargo Housing Market Index.
After 18 months of not funding single-family loans, the Wisconsin Housing and Economic Development Authority (WHEDA) re-entered the affordable home loan market with the help of Fannie Mae. The WHEDA Fannie Mae Advantage is available beginning March 1st.
Lennar Corporation, one of the nation's largest homebuilders will pay the Federal Deposit Insurance Corp. $243 million for a stake in two loan portfolios. The transactions represent the purchase of two portfolios of loans with a combined unpaid balance of $3.05 billion.
One of every five U.S. home owners owed more on their mortgage than their home was worth in the fourth quarter, according to real estate website Zillow.com.
Pulte Homes posted a net Q4 loss of $117million, despite an upcoming $917-million tax refund later this year, including $800 million from the net operating loss carryback allowance.
Beazer Homes USA today announced its financial results for the fiscal quarter ended December 31, 2009, including new orders from continuing operations of 728 homes, an increase year-over-year of 36.6%.
Real estate data provider Clear Capital announced national quarterly gains are achieved for the eighth straight month, pushing the yearly home price increase to 2.3%, while three of the four U.S. regions maintain positive quarter-over-quarter price returns.
The economic rollercoaster continues for landscape architecture firms, as firm leaders reported modest decreases in work and increases in hiring compared to the previous quarter.
National vacancy rates in the fourth quarter 2009 were 2.7 percent for homeowner housing, not statistically different from the fourth quarter 2008 rate (2.9 percent) or from the rate last quarter (2.6 percent), according to the Census Bureau.