U.S. home builder index extends slide in June: NAHB
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Sentiment among U.S. home builders  slid in June to the lowest level in more than 16 years as  tighter lender practices and rising mortgage rates crimped  sales, the National Association of Home Builders said on  Monday.
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Home builder sentiment fell for a seventh straight month in September as tougher mortgage requirements hindered sales from bloated inventories, the National Association of Home Builders said on Tuesday.
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Home construction fell in May as the nation's builders were battered by the crisis in subprime lending and rising mortgage rates.
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Washington, DC, Aug. 17 (UPI) -- The US Commerce Department said Tuesday a dip in mortgage rates helped boost home-building activity in July 8.3 percent after falling 7.7 percent in June.
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U.S. home foreclosures fell in June  after jumping to a 30-month peak in May, but default rates will  escalate as a horde of mortgages resets at higher loan rates,  real estate data firm RealtyTrac said on Thursday.
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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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Sales of existing U.S. homes slipped  in May, another sign of a gradually cooling housing market as  mortgage rates rise, while consumer confidence rose slightly in  June, according to reports on Tuesday.
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U.S. manufacturing growth slowed in  June and construction spending in May unexpectedly staged its  biggest drop since September 2004, data showed on Monday,  adding to signs the economy is cooling.
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Investor's Business Daily - Despite rising interest rates, the Mortgage Bankers Association&#39;s seasonally adjusted index of application activity edged up 6.6% to 666.5 in the week ending June 8. Its index of purchase activity rose 7.2%, while refinancing activity climbed 5.6%. Analysts called it a scramble to head off rising borrowing costs. Mortgage rates are at their highest since mid-&#39;06.
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The pace of sales of existing homes  in the United States fell 1.3 percent in June to their slowest  pace since January, the National Association of Realtors said  on Tuesday.
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The pace of sales of pre-owned homes  fell slightly in July to a 5.75 million unit annual rate and  the supply of unsold single-family homes hit its highest level  since 1991, the National Association of Realtors said in a  report on Monday.
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A trade group reports sales of existing homes dipped 2.9 percent in July. But the National Association of Realtors says it was still the third-highest level on record.
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Stocks extended gains on Monday after a report showed U.S. manufacturing growth accelerated in June even as price pressures eased.
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U.S. construction spending fell a  sharper-than-expected 1 percent last month as home building  posted a seventh straight drop, according to a government  report on Friday that underscored the weakness in the U.S.  housing market.
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The Institute for Supply Management said that its manufacturing index rose to 56 in June. The reading marked the fifth consecutive month of growth.
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Investor's Business Daily - Market News&#39; retail trade index for the week of June 16 fell 1.4 points from the previous week to 40.1. Same-store sales growth was just 0.6%. Companies are curtailing new openings. Layoffs and bankruptcies are rising.
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The pace of U.S. home construction  fell 2.1 percent in May to a lower rate than analysts had  expected for the lifeless housing market while building permit  activity, a signal of future building plans, increased more  than anticipated, a government report showed on Tuesday.