The Closing Bell: Housing Kills the Rally (ADBE, MSFT, BRCD, IBM)
Pending Home Sales Surge 21.1% in March
Filed under: Analyst Reports, Forecasts, Good news, Aetna Inc (AET), Economic Data, Housing
Pending home sales rose 21.1% in March over 2009 numbers. The big driver was the expiration of the first time home buyer credit. Contracts...
Survey: Economic Recovery to Drag Through 2011
Filed under: Economic Data, Recession
According to an Associated Press survey of leading economists, jobs and home values will stay unstable into 2011. The survey indicates that the recovery is going to continue trudging along through the year, which should prompt...
KB Home narrows loss but misses estimates
Filed under: Earnings reports, KB HOME (KBH), Housing, Recession
Shares of California-based homebuilder KB Home (NYSE: KBH) sold off Friday morning after the company failed to meet analyst estimates for its third quarter.
As we noted in...
Mortgage applications jump
Filed under: Good news, Consumer experience, Housing, Federal Reserve, Recession, Financial Crisis
In another sign that the housing market may be emerging from its slump, applications for mortgages rose last week by a nice 12.8...New home sales rise in July
Filed under: Good news, Money and Finance Today, Housing, Recession, Financial Crisis
July was a good month for new home sales, which saw an increase of 9.6 percent during the month.Before we...
Construction of single family homes rises in July
Filed under: Forecasts, Good news, Products and services, Consumer experience, Market matters, Money and Finance Today, Politics, Housing, Recession, Financial Crisis
There was in increase in...Homebuilder confidence hits 12 month high
Filed under: Forecasts, Good news, Market matters, Money and Finance Today, Housing, Recession, Financial Crisis
Homebuilder confidence hit a 1 year high today, providing another sign that the worst...
Over the past couple of years, one of the most troubling aspects of the economy has been the ailing housing market, and in particular the large volumes of homes that have fallen victim to the foreclosure crisis. Finally we get some...