The housing recovery in the U.S. is running out of steam as buyers balk at record prices and higher mortgage rates that are making properties less affordable.
Factory production rose in February by the most in six months, showing manufacturing will help the U.S. economy emerge from a weather-related setback.
Confidence among U.S. homebuilders rose less than forecast in March, a sign the industry may take time to pick up after inclement weather damped activity earlier in the year.
Hard economic times had kept Amy Derose and her husband Lawrence locked in an unhappy marriage for the sake of their engineering firm in Pompano Beach, Florida.
Rob Gray moved his family of four from Massachusetts to Texas, where he bought a new five-bedroom, five-bath, two-fireplace home built by Toll Brothers Inc.
The National Association of Home Builders lowered its forecast for U.S. single-family home starts this year and next as higher interest rates slow the pace of growth in the housing market.
Confidence among U.S. homebuilders plunged in February by the most on record as bad weather limited prospective buyer traffic and depressed sales.
Confidence among U.S. homebuilders increased more than forecast in December, matching the highest level in eight years.
The U.S. cost of living was unchanged in November, showing it will take time for inflation to approach the level desired by Federal Reserve officials, who begin their policy meeting today.
Stephen Shelton wants his son to inherit his masonry company staffed with skilled craftsmen. To guarantee that happens, he started a school.
"A number of factors are raising builder concerns over meeting demand for the spring buying season."
- David Crowe on Mar 17, 2014
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