Housing Starts Climb to Nearly 21-Yr High
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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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Sales of new homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
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Housing construction in August jumped to its highest level in five months, a dose of encouraging news for the economy's expansion.
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Rising homeownership and higher-income  households have helped U.S. remodeling spending reach new  highs, a study by Harvard University found.
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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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RISMEDIA, Dec. 29 - Low interest rates helped the market for existing single-family home sales to set the highest monthly pace on record in November, according to the National Association of Realtors.
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Housing starts rebounded sharply in  July, making up almost all the ground lost in a June slump by  posting their largest monthly percentage gain since September  2002, a report from the Commerce Department on Tuesday showed.
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Mortgage rates around the country went up this week, with 30-year mortgages climbing to the highest level since early September. Freddie Mac, in its weekly survey released Thursday, reported that rates on
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The pace of existing home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.
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Mortgage lending data show a sharp increase in the use of higher-priced ÂnonprimeÂ mortgages for home purchases in 2005 over a year earlier.
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U.S. homeowners began the foreclosure  process at a record pace in the first quarter of 2007, largely  due to a sharp rise in previously hot real estate markets such  as California and Florida.
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Sales of existing US homes unexpectedly rose by 2.7 percent in November as low mortgage rates fueled a record pace of home-buying, a trade association report 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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The number of homes sold in England, Wales and Northern Ireland hits its highest level since the 1980s boom.
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Late payments on home equity loans climbed to a 1 1/2-year high in the opening quarter of this year, while delinquencies on credit card bills fell, painting a mixed picture of how people are managing their debt.
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U.S. homeowners began the foreclosure process at a record pace in the first quarter of 2007, largely due to a sharp rise in previously hot real estate markets such as California and Florida.
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Sales of existing U.S. homes rose unexpectedly to a record high in November and prices surged as low mortgage rates fueled home-buying, a trade association report showed on Wednesday.