Housing Industry Gets Unexpected Reprieve
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For the first time since March, sales of new homes rose in August.
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The bigger-than-expected decline in existing home sales came amid continuing turmoil in mortgage markets.
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Researchers say that the recent housing downturn doesn't necessarily mean an end to economic growth.
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WASHINGTON -- Growth in the manufacturing sector slowed in August while construction spending dropped sharply in July, indicating turmoil in the housing and financial markets could be spilling over to the broader economy.
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WASHINGTON -- Construction of new homes plunged by a bigger-than-expected amount in September, reflecting the deepening troubles in housing.
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New signs of weakness in the housing market prompted investors to look past a rebound in major retailersâ sales figures.
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Business & money: Wall Street threatened by crumbling housing market.
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Business & money: Housing industry figures show market has started to cool in second half of year.
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Florida home manufacturer feels the pinch and decides to stay the course.
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Bush administration remedies for the ailing housing market.
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Luxury home builder Hovnanian Enterprises Inc.  said on Friday that the subprime mortgage meltdown tripped up the industry just as some markets were showing signs of recovery.
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Property stocks came under pressure on Friday after a leading broker warned clients that now was not the time to venture back into the sector.
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As the numbers keep getting worse, the housing industry feigns surprise and tries to put on a happy face.
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The National Association of Realtors likes the idea of a subprime bailout. Big surprise.
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Business & money: The rush to beat the information packs deadline means thousands of homes put up for sale are suddenly available to let, writes Andrew Moody.
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The fallout from the subprime mortgage industry could further constrict consumers with weak, or subprime credit, while helping to prolong the housing downturn.
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The unemployment rate soared and job growth came to a near-halt in December, the government said yesterday, as the housing downturn rippled through the economy. It is the strongest evidence to date that growth is slowing.