Builders began work on fewer U.S. homes than forecast in August, showing the industry remains flat on its back even as mortgage rates fall to record lows. Housing starts dropped 5 percent to a three-month low 571,000 annual rate, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, unexpectedly climbed……………………………………….Full [...]
Two years ago that California – along with Arizona and Florida – was the poster child for plummeting home prices. But a new study says that not only are more homes selling in the Golden State these days, but home values are actually climbing across the board. After a brief climb in June, home sales [...]
Sentiment among U.S. homebuilders declined in September even as Lennar Corp. said Monday it saw a slight pick up in demand last quarter. That’s a mixed to gloomy picture, at best. However, although high levels of foreclosures, unemployment and household debt are still hurting home prices, there are indications the worst of the downturn is [...]
US housing, in my opinion, offers a great long-term opportunity. I know this probably sounds a bit crazy as most people think the US housing market is getting worse and has not begun to recover from its epic binge. It has taken this asset class a great deal of time to find any semblance of [...]
