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.
Confidence among U.S. homebuilders climbed for a sixth straight month in October, adding to signs the real-estate market is healing.
John Cataneo is working his 20 employees overtime and still can’t keep up with demand from customers who need plumbing repaired after superstorm Sandy. He says he’s hired two new workers and may need more.
Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, plans to sell 25 million shares to buy debt.
Consumer sentiment improved for a third straight week as Americans were more upbeat about the economy than at any time in the past six months.
New-home construction unexpectedly climbed to a four-year high in October, more evidence of a revival in the industry that’s helping propel the U.S. economy.
After Exelon Corp. earned less than top executives needed to reach their annual cash bonus target last year, the company's directors provided a way to help bridge the gap: nonexistent profits.
The index of U.S. leading economic indicators rose in September by the most in seven months, boosted in part by a jump in permits for home construction that’s helping underpin the expansion.
"We need to have some home price appreciation before we're going to be willing to put the streets in and build houses."
- Larry Sorsby on Nov 19, 2014