Housing construction posts slight rebound
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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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U.S. stocks rebounded modestly on Wednesday as Federal Reserve Chairman Ben Bernanke reassured investors that the economy was set to grow moderately, a day after the Dow industrials' worst slide since the September 11, 2001, attacks.
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Sales of new homes rose slightly in September but remained near their lowest levels ever. Orders for durable goods declined, but a crucial measure of business spending rose.
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The economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices.
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The share of homes owned but empty  edged back up in the third quarter toward a record set earlier  this year, the Census Bureau said on Friday, another sign of  weakness in the housing sector.
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ORLANDO -- The homebuilding industry has made great strides overall toward so-called smart homes,  but progress is measured in many small steps.
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Stocks were modestly higher on Monday as strength in the technology sector offset lingering worries about the mortgage market and declines in energy stocks.
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The Labor Department report offered some political relief to the White House but only tepid signs of a rebound in employment.
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After a shallow, one-week dip, mortgage rates have risen to just about where they were two weeks ago. Rates are still low. The question is whether they are low enough to keep the housing market hot.
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New dwelling construction has boomed over the past two years. However, residential investment is likely to slow down, as indicated by Statistics New Zealand&#39;s latest data, confirming an easing of the trend in dwelling consents.
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Rising demand for US exports has offset the domestic downturn in home-building.
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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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One economist is beginning to glimpse signs of recovery that he says may be confirmed this week by a pair of reports on home sales.
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Lenders' shares rebound after Monday's bruising.
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U.S. home builder optimism grew in  October to its strongest level in 2004 on low mortgage rates  and heavy traffic of potential buyers, rebounding from a  decline in September, an industry report said on Monday.
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The homebuilder beats expectations; shares bounce back.
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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.