Housing Market

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.

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

U.S. new home sales at seven-month low; manufacturing stabilizes

WASHINGTON - New U.S. single-family home sales fell in June to a seven-month low and May's sales were revised sharply down, but the data on Friday did little to change the belief that the housing market recovery was shifting into higher gear. | Video

24 Jul 2015

U.S. home sales approach eight-and-a-half-year high, prices surge

WASHINGTON - U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year.

22 Jul 2015

Strong U.S. groundbreaking, building permits boost housing outlook

WASHINGTON, July 17 - U.S. housing starts rebounded strongly in June and building permits surged to a near eight-year high, pointing to a rapidly strengthening housing market.

17 Jul 2015

Exclusive: U.S. housing regulator paid law firms $373 million to sue banks

NEW YORK - The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis.

U.S. home builder sentiment holds at highest since 2005: NAHB

NEW YORK - U.S. homebuilder sentiment stayed at its strongest level in almost a decade in July as the housing market broadly improved despite an uptick in mortgage rates from earlier this year, the National Association of Home Builders said on Thursday.

16 Jul 2015