Home builder shares soar
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Shares of home builders soared on Monday as a frenzy of short sellers bought stock to cover their positions, giving the overall housing stock index its greatest one-day gain in about five years.
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Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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Home builders' confidence rose in  February to its highest level since June 2006 as low mortgage  rates and sales incentives helped boost demand, the National  Association of Home Builders said on Thursday.
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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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Shares in Royal Dutch/Shell surged on  Thursday as a unified structure unveiled by the oil giant is  set to dramatically lift its weighting in key benchmark share  indexes.
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Industrial orders have jumped to a six-year high this month, a survey showed yesterday as a sharp fall in mortgage approvals pointed to a slowdown in the housing market.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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Shares in retailer Woolworths Group PLC surged by 22 percent Monday after a private equity firm said it is considering making a takeover offer.
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WASHINGTON : Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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Housing construction in August jumped to its highest level in five months, a dose of encouraging news for the economy&#39;s expansion.
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Shares in Northern Rock rise  after the government guarantees to protect savers' deposits.
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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.
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NEWARK, Sept. 17  â The home builder Hovnanian Enterprises claimed âhuge successâ on Monday with its weekend sales blitz, which included six-figure discounts on homes being built or completed in 19 states.
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The number of homes put up for sale surged in May as sellers tried to beat the launch of HIPs.
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Mortgage insurers' shares rose on Wednesday as investors saw them benefiting from regulatory moves that will boost their business.
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U.S. mortgage applications rose last  week, fueled by increased demand for home purchase loans even  as interest rates hit their highest level in nearly a year, an  industry group&#39;s data showed on Wednesday.
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Construction spending in August hit the highest level on record, fresh evidence that the housing market is helping move the economy ahead.