Housing construction falls to lowest level in three years
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WASHINGTON -- Housing construction plunged in August, falling to the lowest level in more than three years as the industry showed further signs of a dramatic slowdown.
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WASHINGTON -- Reflecting further housing troubles, sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
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The pace of home construction rose 2.3 percent in June but building permit activity, a sign of future construction plans, sank to its lowest rate in 10 years, signaling further weakness in the listless housing market.
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October saw the lowest number of new mortgage approvals in the UK since January 2000, official figures show.
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U.S. housing starts plunged to a   more than three-year low in August, while falling new vehicle   costs kept producer prices unexpectedly weak, the government   said on Tuesday, bolstering views the economy is cooling.
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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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Mortgage rates continued their downward slide reaching their lowest point since the first of the year on slower growth in the market, according to a survey released Wednesday.
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Construction of new homes and apartments, down for three straight months, staged what may turn out to be a temporary rebound in May.
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Housing starts plunged in January to the slowest pace in more than nine years as the latest government reading on the battered housing market came in much weaker than forecasts.
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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.
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New single-family home sales fell 4.7 percent in December to its lowest rate in nearly 13 years while the median sales price dropped sharply and the inventory of unsold homes climbed, according to a government report on Monday that delivered more grim news for the battered housing sector.
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Pending sales of existing U.S. homes in May unexpectedly fell to their lowest level in more than 5-1/2 years, data from a real estate trade group showed on Tuesday in a sign of continued weakness in the housing sector.
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U.S. growth skidded lower in the fourth quarter and was the weakest in five years for all of 2007, according to a government report on Wednesday that highlighted the toll an enfeebled housing sector has taken on the national economy.
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U.S. growth was the weakest in five years for all of 2007, highlighting the economic toll housing woes have taken.
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U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said on Thursday.
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Ground-breaking on new U.S. homes last month fell to the slowest pace since 1991 and fewer building permits were issued than any time since 1993, according to government data released Thursday that points to a deepening housing crisis and heightened risk of recession.
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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.