Eighteen banking, securities and housing groups have joined together to issue a warning to three California municipalities looking to use eminent domain as a way to seize troubled mortgages from investors.
A 3 percent increase in residential construction spending in May pushed overall construction spending up 0.9 percent for the month, the largest jump since December 2011.
David Weekley Homes, the third largest privately held home builder in the country, has made its 70,000th closing in its Barr II Community in Austin, Texas.
Both composites of the Case-Shiller Home Price Index registered declines in April, according to new data released today, but the rates of decline were an improvement from March’s numbers.
Sales of new single-family houses in May 2012 were at a seasonally adjusted annual rate of 369,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 19.8 percent abo
Economists at the National Association of Home Builders recently analyzed the impacts of the expiration of the Bush-era tax cuts (or “Taxaggedon,” as tax policy experts call it) on home builders, and the outlook is not bright.
Trulia's recent American Dream survey revealed consumers are showing some bright glimmers of optimism about the future of the housing market. They're also aiming for loftier homes with more square footages.
The NAHB/Wells Fargo Housing Market Index measuring builder confidence reached a five-year high point in June, hitting 29 for the first time since May 2007, according to data released today by NAHB.