Anika Khan News
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Builders began work on more houses in February and permits for future construction climbed to the highest level in almost five years, pointing to a sustained rebound that will help power the U.S. expansion.
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Purchases of new U.S. homes unexpectedly decreased in December, a blemish as the industry wrapped up its best year since 2009 to emerge as a bright spot for the economy.
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Residential real-estate prices increased in the year ended August by the most in two years, a sign housing will continue to boost U.S. economic growth.
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The rebound in U.S. homebuilding accelerated in December, capping the best year for the industry since 2008 and adding to signs residential real estate is contributing to economic growth.
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Sales of previously owned homes rose more than forecast in November to reach a three-year high as lower borrowing costs sustained the U.S. housing rebound.
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Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs of a revival in the industry at the heart of the financial crisis.
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Aug. 21 (Bloomberg) -- Anika Khan, a senior economist at Wells Fargo Securities LLC, talks about the outlook for the U.S. housing market and economy. Khan speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." (Source: Bloomberg)
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Americans signed more contracts in October to purchase previously owned homes, another sign the recovery in the housing market is being sustained.
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Purchases of new U.S. homes hovered in August near a two-year high, adding to signs that the housing market is on the way to recovery.
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Home equity lines of credit that fueled a spending spree during the U.S. property boom are back.
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