For the first time since the U.S. housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate.
The hesitant housing recovery has surprised and concerned Federal Reserve Chair Janet Yellen and her colleagues at the central bank. It’s not clear how much they can do about it.
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.
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.
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.
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.
Confidence among U.S. homebuilders increased more than forecast in December, matching the highest level in eight years.
"An improving job market goes hand-in-hand with a rise in builder confidence."
- David Crowe on Jul 16, 2014
NAHB’s Crowe Says Homebuilders Still Cautious in June (Audio)
NAHB’s Crowe Says Builders See Buyer Reluctance (Audio)
NAHB’s Crowe Says Weather To Blame for Confidence Drop (Audio)
NAHB’s Crowe Says Lack of Lots Depressing Builders (Audio)
NAHB’s Crowe Sees First Fed Rate Boost in Late 2016 (Audio)