Housing Starts Climb to Nearly 21-Yr High
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U.S. housing starts unexpectedly rose 4.7 percent last month to a nearly 21-year high as single-family housing starts shot up to a record, a Commerce Department report showed on Wednesday.
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The average price of a home in the UK surged in January, according to official figures.
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Business & money: Signs that four increases since August are starting to bite as housing market cools.
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A jump in starts on single-family housing pushed total U.S. housing starts to a nearly 21-year high in January, but other data released on Wednesday were not as robust.
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Housing starts have been very high relative to the number of homes that builders are trying to sell.
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Countrywide Financial, the nation's largest home loan lender, reported yesterday that foreclosures and late payments on mortgages in December soared to their highest levels in five years.
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Home values across the United States  soared 32 percent during the first half of this decade,  according to new data released on Tuesday by the U.S. Census  Bureau.
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The brokerage house is riding high, with no signs of a slowdown.
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Sub-prime mortgages are growing faster than mainstream mortgages, a report says.
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A jump in starts on single-family  housing pushed total U.S. housing starts to a nearly 21-year  high in January, but home mortgage applications dipped last  week, according to data reported on Wednesday.
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A jump in starts on single-family housing pushed total U.S. housing starts to a nearly 21-year high in January, but home mortgage applications dipped last week, according to data reported on Wednesday.
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The number of homes sold in England, Wales and Northern Ireland hits its highest level since the 1980s boom.
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U.S. housing starts unexpectedly rose 0.6 percent in August to their highest level in five months as low mortgage rates encouraged construction, but permits fell more than anticipated, a government report showed on Tuesday.
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WASHINGTON  - Sales of existing U.S. homesunexpectedly rose by 2.7 percent in November as low mortgagerates fueled a record pace of home-buying, a trade associationreport showed on Wednesday.
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It started with subprime mortgages. Now owners of McMansions are defaulting, and the effects of the housing bust are beginning to ripple through the economy.
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Existing home sales in the United States increased 2.7 percent in November at a seasonally adjusted annual rate to an all-time monthly high of 6.94 million units, the National
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House prices grew by 1.3% in September, the Nationwide says, lifting the annual growth rate to 8.2%.