December home builder sentiment holds at record low
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Home builder sentiment held at a record low for a third consecutive month in December, weighed down by problems in the mortgage market and a huge supply of unsold houses, an industry group said on Monday.
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BusinessWeek Online - November ended with a volley of unfriendly data for the U.S. economy, and it looks as if December is starting out the same way. Weakness in U.S. economic reports released on Dec. 1 concerning the Institute for Supply Management's factory sentiment index, and construction spending -- following the weak releases on durable goods orders, the Chicago purchasing managers' sentiment index, and initial jobless claims earlier in the week -- have taken a big chunk out of the near-term U.S. GDP outlook. But the reports probably won't move the Federal Reserve from its current policy path.
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Consumer sentiment fell further than expected in late October to its lowest in more than a year as concerns about the housing slump darkened the economic outlook, a survey released on Friday showed.
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Pending sales of previously owned  homes fell a steeper-than-expected 1.5 percent in December,  pointing to more dreary conditions for the beleaguered housing  market, a real estate trade group report on Thursday showed.
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Mortgage approvals in the UK slumped to a record low in December according to figures published yesterday, signalling grim times ahead for the weakening property market in Britain
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New single-family U.S. home sales fell 4.7 percent in December to the lowest rate in nearly 13 years while the median sales price dropped sharply according to a government report on Monday that delivered more grim news for the housing sector.
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Homebuilder sentiment slid in July to its lowest since January 1991 as fallout from the housing slump and subprime mortgage crisis caused a glut of new homes, the National Association of Home Builders said on Tuesday.
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Home construction starts fell 2.6 percent in August to their lowest level in more than 12 years while building permit activity, a sign of future construction plans, also dropped to a low not seen since mid-1995, a government report on Wednesday showed.
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Construction of single-family homes dropped to the lowest level in more than 16 years as a severe housing slump showed no signs of a turnaround.
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WASHINGTON -- Consumers, battered by harsh economic crosswinds, spent less in December than at any time in the past 15 months.
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A survey-based barometer of business activity in the Chicago area fell four points to a seasonally adjusted 61.2 points in December, the National Association of Purchasing Management - Chicago, said.
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New-home construction fell again in December as builders scrambled to cut back in the face of rising inventories and fewer orders.
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U.S. homebuilder optimism sank for an  eighth consecutive month in September to the lowest level in  more than 15 years, with a surge in the backlog of unsold homes  putting development on ice, an industry survey showed on  Monday.
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U.S. consumers' mood brightened a bit in late December, but still soured for the month as a whole, the third straight month that it did so, leaving sentiment near its lowest since the aftermath of Hurricane Katrina in 2005, a report showed on Friday.
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The pace of existing home sales in the United States fell by 2.2 percent in December to a slower-than-expected 4.89 million-unit annual rate, the National Association of Realtors said in a report on Thursday.
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The annual rate of house price growth falls, despite a slight price gain in December, government figures show.
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The pace of existing home sales in  the United States fell by 2.2 percent in December to a  slower-than-expected 4.89 million-unit annual rate, the  National Association of Realtors said in a report on Thursday.