December home builder sentiment holds at record low
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Home builder sentiment held at a record low for a third consecutive month in December, weighed down by problems in the mortgage market and a huge supply of unsold houses, an industry group said on Monday.
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BusinessWeek Online - November ended with a volley of unfriendly data for the U.S. economy, and it looks as if December is starting out the same way. Weakness in U.S. economic reports released on Dec. 1 concerning the Institute for Supply Management's factory sentiment index, and construction spending -- following the weak releases on durable goods orders, the Chicago purchasing managers' sentiment index, and initial jobless claims earlier in the week -- have taken a big chunk out of the near-term U.S. GDP outlook. But the reports probably won't move the Federal Reserve from its current policy path.
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Confidence among US home builders fell this month to the lowest since February 1991 as interest rates climbed and delinquencies surged.
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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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U.S. homebuilder optimism sank for an  eighth consecutive month in September to the lowest level in  more than 15 years, with a surge in the backlog of unsold homes  putting development on ice, an industry survey showed on  Monday.
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The pace of existing home sales in the United States fell by 2.2 percent in December to a slower-than-expected 4.89 million-unit annual rate, the National Association of Realtors said in a report on Thursday.
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Retail spending by Americans was little changed in December as consumers anxious over the housing slump and high oil prices held back on purchases during the crucial holiday season, a report released on Friday showed.
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U.S. consumers' mood brightened a bit in late December, but still soured for the month as a whole, the third straight month that it did so, leaving sentiment near its lowest since Hurricane Katrina, a report showed on Friday.
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The number of newly-built US homes fell to the lowest level for nearly a decade in January, official figures show.
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Sales of existing homes in the  United States fell by 3.3 percent in December from a record  high in November, a trade association report showed on Tuesday.
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Sales of new homes rose to a record high in 2004, the fourth straight annual record. But activity in December barely budged after a big drop the previous month, suggesting the nation's red-hot housing market may finally be cooling.
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Housing construction fell in November and single-family activity 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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The number of pending US home sales falls by 1.5% in December, as the housing market deteriorates further.
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Business & money: December sales fall 0.4% despite discounting, as housing demand also points to deepening slump
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US home builder 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 yesterday .
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U.S. 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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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.