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  • WASHINGTON - Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom, are now ...
  • Late rebound drives Wall Street higher
  • Meanwhile, homebuilders' confidence in a near-term housing recovery sank to a new all-time low this month, according to the National Association of Home Builders/Wells Fargo housing market index. NAHB Chairman Sandy Dunn said the report "shows that ...
  • Some companies actually need more employees
  • The real estate market pushed the price of land sky high in the past decade, making it unprofitable for builders to create low- and moderate-priced houses. Land use regulations that favored large lots and low density made the available land even more ...
  • Stocks Turn Lower on Housing News
  • Traders eyed a record low reading on the National Assn. of Home Builders' index for November, as well as data on wholesale inflation in October and better than expected results from technology giant Hewlett-Packard (HPQ). Stocks moved higher at ...
  • While economy the focus, business, Obama get along
  • Realtors and home builders want Congress to expand a tax credit for first-time homebuyers, and construction companies favor increased infrastructure spending. Obama agrees with business groups that Congress should act quickly. “I want to see a ...
 
    
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