Housing Market

May construction spending approaches four-year high

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WASHINGTON - Construction spending rose to its highest level in nearly four years in May as a sharp rebound in public outlays offset a decline in investment in private nonresidential projects, pointing to moderate economic growth.

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Citi to pay Fannie $968 million to settle mortgage claims

- Citigroup Inc agreed to pay $968 million to settle claims that it left U.S.-owned mortgage guarantor Fannie Mae on the hook for home loans the agency would not have knowingly guaranteed.

01 Jul 2013

Some big cities at risk of another housing bubble:Shiller

- Dramatic home price gains in some of America's largest cities point to a potentially new housing bubble in those areas, according to Robert Shiller, who helped create a closely watched gauge of U.S. housing prices.

U.S. 27 Jun 2013

Obama's housing pick endorses abolishing Fannie, Freddie

WASHINGTON - U.S. Representative Mel Watt, President Barack Obama's nominee to oversee Fannie Mae and Freddie Mac, on Thursday welcomed legislative efforts to abolish the two mortgage companies and said he would consider letting them reduce loan principal for underwater borrowers.

Regulatory News, Breakingviews 27 Jun 2013

Large land assets help Lennar ride housing recovery wave

- Lennar Corp reported a 27 percent rise in orders in the critical spring selling season as its large land bank helped it take advantage of a recovering U.S. housing market.

Hot Stocks, Asian Markets, 25 Jun 2013

Mortgage rates surged last week in wake of Fed's QE plan

NEW YORK - Rates on home mortgages surged to the highest level in close to two years last week as the recent sell-off in the bond market after the Federal Reserve laid out a plan to wind-down its massive stimulus program drove borrowing rates higher.

26 Jun 2013

Insight: Losses loom for investors enmeshed in U.S. mortgage chaos

- Since the financial crash, banks have been accused of wrongfully foreclosing on U.S. homeowners because they failed to create and maintain proper mortgage paperwork. Now, there are signs that chaotic document management is harming investors in mortgage bonds, too.

21 Jun 2013

Home resales rise to three-and-half year high; prices jump

WASHINGTON - Home resales rose in May to the highest level in 3-1/2 years and prices jumped, a sign the housing sector recovery is gathering steam and could give the economy a significant boost this year.

20 Jun 2013

Housing starts miss expectations, but overall tone upbeat

WASHINGTON - Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market.

Money 18 Jun 2013

Confidence of homebuilders jumps as recovery deepens

NEW YORK - Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the housing recovery is gaining traction. | Video

17 Jun 2013

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