US housing starts rebound as single-family projects soar
WASHINGTON: US housing starts rebounded more than expected in February, hitting their highest level in five months, as builders ramped up the construction of single-family homes in a sign of confidence...
View ArticleUS home sales slump in February; supply shortage hits market
WASHINGTON: Americans retreated from home-buying in February, reversing months of prior gains as low inventories push up prices to levels that restrict sales. The National Association of Realtors said...
View ArticleUS pending home sales rebound in February
WASHINGTON: US pending home sales jumped to a seven-month high in February after falling in January, and remained above the level a year ago, the National Association of Realtors said Monday. The NAR’s...
View ArticleUS home prices rise faster than incomes in January
WASHINGTON: U.S. home prices climbed at more than double the pace of incomes in January, a trend that could ultimately create affordability challenges for buyers. The Standard & Poor’s/Case-Shiller...
View ArticleUS builders increase home construction in April
WASHINGTON: Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year. Housing starts climbed 6.6...
View ArticleU.S. pending home sales jump to highest level since early 2006
WASHINGTON: Contracts to buy previously owned U.S. homes surged far more than expected in April to the highest level in more than a decade, another sign the economy has gained steam during the second...
View ArticleInvestor urges UK builder persimmon to scale back executive pay plan
A large investor has called for British house builder Persimmon Plc to scale back an executive pay plan that could see its management share in windfalls of almost 600 million pounds ($857 million) over...
View ArticleDecade after housing peaked in US: Owners richer, renters hurting
MOUNT PLEASANT, SOUTH CAROLINA: It’s a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back,...
View ArticleU.S. retail mall vacancies rise in second quarter – Reis
BENGALURU: U.S. retail mall vacancies rose in the second quarter from the first, amid an increasing disparity between high-end and traditional malls related to rent and vacancy rates, according to real...
View ArticleMortgage Rates Remain Flat in U.S. in Early August
According to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), the average fixed mortgage rate changed little from the previous week and remaining near historic lows. Sean Becketti, chief...
View ArticleUS homebuilder sentiment rises in August as sales improve
U.S. homebuilders are feeling more optimistic about the housing market this month, reflecting strong growth in new-home sales and prices. The National Association of Home Builders/Wells Fargo builder...
View ArticleUS home construction climbed to a 6 month high in July
WASHINGTON: Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached their strongest pace in six months. The rate of overall...
View ArticleUS home prices rise in June at slowest pace in 10 months
WASHINGTON: U.S. home prices rose modestly in June, pushed up by strong sales and a limited supply of available properties. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index,...
View ArticleU.S. home builder sentiment index highest in 11 months
NEW YORK: A private gauge on U.S. home builder sentiment unexpectedly rose in September to its strongest level in 11 months, prompted by renewed interest in home purchases following a summer lull. The...
View ArticleUS home prices rising 2 times faster than wages
WASHINGTON: U.S. home prices climbed in March at the strongest rate in nearly three year as a dwindling supply of houses for sale is causing prices to significantly outpace income growth. The Standard...
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