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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Comment is free: Yvette Cooper: If we don't take firm action now, we could see the gap between the housing haves and housing have-nots widen further.
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Growing numbers of people are being squeezed out of the housing market, researchers have concluded.
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THE downturn in housing markets is getting steeper and spreading beyond Melbourne and Sydney to other capital cities, ensuring that interest rates will remain on hold well into next year.
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UNITED KINGDOM - The process of property market weakening has been recently observed due to declining mortgage lending for the last two months in a row in the UK.
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Sales of new homes rose unexpectedly in April to the fastest pace this year as the housing sector showed resilience in the face of rising mortgage rates. But the price of homes sold last month fell and the level of unsold homes rose to a record high.
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Two years ago, at the height of the housing boom, developers realized that hotel property had fallen out of favor. Residential property was worth more, and travelers weren't willing to pay top dollar to stay in fancy hotels.
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The nation's realtors think a housing recovery may be imminent, but don't bet on it.
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The bigger-than-expected decline in existing home sales came amid continuing turmoil in mortgage markets.
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The pace of job losses in mortgage  lending slowed in December, as some companies shifted workers  to other areas of financial services, but the losses may pick  up again in the new year as the U.S. housing market continues  to weaken and credit remains tight.
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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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The U.S. economy should contract slightly in coming months as the ongoing slump in the housing industry takes a deeper toll on the economy, a gauge of future business activity showed Thursday.
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Corporate housing can be a boon for developers during a buildingâs transition from rental to condominium or for condominium investors facing a sluggish market.
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The nation's housing industry is in a free fall from the subprime mortgage crisis. The budget of the Department of Housing and Urban Development could be facing big cuts. And the agency is still struggling to respond to a slew of natural disasters, including Hurricane Katrina.
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Business & money: Â· Buyers renegotiate deal in face of tighter creditÂ· Housing sales fall for five successive months.
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Companies in sectors without obvious connections to housing are starting to feel the sting from subprime mortgages.
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There are signs that some high-end real estate developers are being hit by a slowdown.