Housing Starts Dive Unexpectedly in Nov.
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U.S. housing starts unexpectedly plummeted 13.1 percent last month, the biggest dive in nearly 11 years, as groundbreaking activity fell sharply across the nation, a government report showed on Thursday.
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U.S. home prices plunged by a record 8.4 percent in November, marking two years of slowing returns, according to the Standard & Poorâs/Case-Shiller index.
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WASHINGTON - New home sales plunged in November, but analysts say that a variety of economic reports released Thursday overall paint a positive picture.
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Home foreclosure filings fell in  November from October, though they may remain at elevated  levels as rising payments on adjustable loans pressure  borrowers, a real estate data company reported on Wednesday.
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Sales of new homes unexpectedly plunged in November at the sharpest rate in more than a decade, falling 12 percent to the weakest annual rate since July, the Commerce Department said on Thursday.
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U.S. home construction fell last month for the first time since January, as builders struggled with a glut of unsold homes, but permits for future construction rose, offering mixed signals on the housing outlook.
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Housing starts nationwide sank to a 14-year low last month as concern grew about the effects the faltering industry could have on the U.S. economy.
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U.S. housing starts fell more   sharply than expected to the lowest rate in more than three   years, while core producer prices dipped unexpectedly,   according to government reports on Tuesday that confirmed a   fast-cooling economy.
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Mortgage lending has fallen for two successive months for the first time in four years, reinforcing observations of a weakening property market.
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Business & money: Figures show sharpest fall for almost two years as trouble in the US housing market starts to spread and weigh down on consumer spending.
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A government housing survey shows UK house prices fell by 0.7% between November and December.
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The slump in housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home  and Pulte Homes Inc  to their positions.
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Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years, demonstrating the troubles builders are facing with a huge backlog of unsold homes.
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Home building projects started in  November fell by 3.7 percent as the pace of single-family home  construction was the slowest in more than 16 years, a  government report on Tuesday showed.
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U.S. homeowners increasingly failed to keep up with their home loan payments in November, as the number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according to a mortgage research company.
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US consumer confidence falls in November, as a slowing housing market adds to worries over the US economy.
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Pending sales of existing U.S. homes slipped in November but were much stronger than previously thought in October, according to a report on Tuesday that offered mixed news on the battered U.S. housing sector.