Housing Starts Rise Unexpectedly
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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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As mortgage defaults rise, more houses are being put up for auction  -  and more people are seeing a chance to make big bucks. But there are risks
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Mortgage rates are nearing a five-year high, raising the cost of home ownership for buyers by hundreds or thousands of dollars a year at a time when real estate markets are struggling with tepid demand and a surplus of houses for sale.
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In a trend Montgomery County officials called shocking, the median price for a newly constructed single-family detached home in Montgomery rocketed to a record high of $1.13 million in the first quarter of this year, according to government data released yesterday.
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Housing construction in August jumped to its highest level in five months, a dose of encouraging news for the economy&#39;s expansion.
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When the housing market was booming, many rushed in to the residential real estate business. Now a growing number of agents are looking for other employment.
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As mortgage defaults rise, more houses are being put up for auction -- and more people are seeing a chance to make big bucks. But there are risks
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A surge in new home sales on the West Coast helped offset a steep drop in the Northeast last month as sales nationwide unexpectedly rose.
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House price growth accelerated in November, rising 1.4% for the month, according to the Nationwide.
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U.S. stocks gained on Friday, after data showed sales of new U.S. homes unexpectedly rose in July.
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The pace of U.S. housing  construction rose more than expected in May after three months  of declines as groundbreaking on both single-family and  multifamily units jumped but permits for future projects fell,  a government report showed on Tuesday.
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Mortgage foreclosures in the United States jumped to a record in the first half as rising interest rates and falling home prices battered homeowners.
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New home sales turned up and factory orders soared in July, suggesting the economy was on stable footing before a credit crunch took a turn for the worse.
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Industrial orders have jumped to a six-year high this month, a survey showed yesterday as a sharp fall in mortgage approvals pointed to a slowdown in the housing market.
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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.
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U.S. housing starts jumped a  larger-than-expected 6.4 percent in October to the busiest pace  since December as buyers took advantage of low mortgage rates,  a government report showed on Wednesday.
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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.