Confidence at 15-year low for US home builders
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Confidence among US home builders dropped to a 15-year low this month as sales slowed and profits dropped, according to a private survey released Monday.
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Home construction rebounded in the United States in November after a big drop the month before, but permits for upcoming building fell to a nine-year low, suggesting weakness persists in the new-home market, government figures released today showed.
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Housing construction fell in November, with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in housing showed no signs of a turnaround.
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Homebuilder sentiment slid in July to  its lowest since January 1991 as fallout from the housing slump  and subprime mortgage crisis caused a glut of new homes, the  National Association of Home Builders said on Tuesday.
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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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Construction of single-family homes dropped to the lowest level in more than 16 years as a severe housing slump showed no signs of a turnaround.
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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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U.S. home construction last year plummeted at a rate not seen since 1980, according to government figures released yesterday, one more indication of the depth of the building industry's problems.
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PHILADELPHIA -- Toll Brothers Inc. , the nation's largest builder of luxury homes, said yesterday that it expected its first-quarter home building revenue to fall by 19 percent, signaling the housing market is likely to remain feeble in early 2007.
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Interest rates on US 30-year and 15-year mortgages have moved lower following last week&#39;s disappointing jobs report that suggested economic growth had slowed, mortgage finance company Freddie Mac said on Thursday.
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Home construction fell in May as the nation's builders were battered by the crisis in subprime lending and rising mortgage rates.
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Housing starts fell 3.7 percent in November, with construction of single-family homes sliding to the lowest level in more than 16 years as builders scrambled to cope with a deep drop in sales.
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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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WASHINGTON -- The prolonged slump in housing pushed construction of new homes in 2007 down by the largest amount in 27 years with the expectation that the downturn has further to go.
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Home construction starts fell 2.6  percent in August to their lowest level in more than 12 years  while building permit activity, a sign of future construction  plans, also dropped to a low not seen since mid-1995, a  government report on Wednesday showed.
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Home builder sentiment fell for a seventh straight month in September as tougher mortgage requirements hindered sales from bloated inventories, the National Association of Home Builders said on Tuesday.
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Investor's Business Daily - Construction employment may be 160,000 below what current data show, according to a study by Macroeconomic Advisers. The report comes amid debate over why construction employment has fallen only 0.6% since Sept. despite a double-digit drop in home building. Economists attribute the discrepancy to factors including undercounting and layoffs of illegal aliens who don&#39;t file for jobless benefits.