Housing Market

Mortgage applications inch up in latest week: MBA

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NEW YORK - Applications for U.S. home mortgages edged up last week as interest rates declined, an industry group said on Wednesday.

U.S. housing market seen strong enough to handle Fed rate hikes: Reuters poll

WASHINGTON - The U.S. housing market is probably strong enough to stand up against an interest rate hike by the Federal Reserve this year, with stabilizing home prices supporting sales, a Reuters poll of top economists showed on Wednesday.

26 Aug 2015

Toll narrows home sales forecast as revenue misses estimates

- Toll Brothers Inc , the largest U.S. luxury homebuilder, reported lower-than-expected third-quarter revenue as a lull in demand last year meant that it handed over fewer homes in the quarter, and the company narrowed its 2015 home sales forecast.

25 Aug 2015

Home sales near eight-and-a-half-year high, brighten economic outlook

WASHINGTON - U.S. home resales rose to a near 8-1/2-year high in July and factory activity in the mid-Atlantic region picked up this month, fresh signs of steady economic growth that likely keeps the Federal Reserve on track to raise interest rates this year. | Video

20 Aug 2015

Housing starts near eight-year high, but permits fall

WASHINGTON - U.S. housing starts rose to a near eight-year high in July as builders ramped up construction of single-family homes, suggesting that the economy was firing on almost all cylinders. | Video

18 Aug 2015

U.S. pending home sales take a breather in June

WASHINGTON - Contracts to buy previously owned U.S. homes unexpectedly fell in June after five straight months of increase, suggesting some cooling in sales activity after recent hefty gains.

29 Jul 2015

More U.S. millennials living with kin despite jobs rebound

WASHINGTON - U.S. millennials are more likely to be living with relatives now than before the Great Recession as the job market fails to rebound fully, the Pew Research Center reported on Wednesday.

Money 29 Jul 2015

U.S. homeownership hits 35 year-low, renting in vogue

WASHINGTON - U.S. homeownership dropped to a 35-year low in the second quarter as more Americans opted to rent, but the decline in ownership was probably close to running its course against the backdrop of a tightening labor market.

28 Jul 2015

U.S. home price growth stalls in May: S&P/Case-Shiller

NEW YORK - U.S. single-family home prices in May rose from the previous year at the same pace as April but fell short of forecasts, as housing construction slowed and new home sales lagged existing home sales, a closely watched survey said on Tuesday.

28 Jul 2015

Exxon Mobil donates $5 million to North Dakota housing fund

WILLISTON, N.D. - A subsidiary of Exxon Mobil Corp donated $5 million on Monday to a North Dakota government housing fund that subsidizes construction of low-cost apartments for teachers and emergency personnel in the state's oil patch.

27 Jul 2015