Pending home sales increased in June following a wide swing down in April and then up in May, according to a National Association of Realtors report. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show str
A survey indicates that 30 percent of all housing units in the United States are renter-occupied or vacant for-rent, and 27 percent is single-family detached homes.
Existing-home sales not seasonally adjusted are below the tax credit-boosted level of sales in June 2010 and June 2009. But NAHB advises to expect a report of a large year-over-year increase in sales announced next month.
Builder confidence in the market for newly built, single-family homes rose two points to 15 on the NAHB/Wells Fargo Housing Market Index (HMI) for July, released today. The gain largely offsets a three-point dip recorded in June, and marks the ninth time
In an interview on Bloomberg Television last week, billionaire Warren Buffett said the country's unemployment rate will improve substantially once the home-building sector rebounds. Buffett said that people will be surprised how quickly employment improv
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 percent above May 2010's record low.