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New forecasts show that the worst may be over for the construction industry, which was hit harder by the Great Recession than any other sector, as construction projects slowly resume. Some 27% of construction firms say they plan to add staff this year, while only 20% plan to cut jobs.
When I first became interested in real estate, rates were right around 7%(-ish). And every time rates appeared to be creeping up, my Dad would holler, "Back in the day, rates were 14% -- and people still bought houses right and left! People have to have a place to live, no matter what rates are...
Technically, the homebuilder sentiment index inched one point higher to 16 in November. But the gain was offset by a revised one-point dip in October's reading, and the numbers remain well below those seen during a healthy housing market.
The U.S. housing sector took another hit this month as homebuilder sentiment unexpectedly fell to 13 in August from 14 in July. The measure has been drifting lower since the federal homebuyers tax credit expired this spring.
The U.S. real estate market recorded another setback in July: The National Association of Home Builders reported that its Housing Market Index fell to 14 from 16 in June, with builder confidence waning and sales dipping after the expiration of the federal home-buyers tax credit.
Both home builder confidence and housing starts are up this spring, which is good news for the U.S. economy. Even so, activity in the housing market is still far below healthy economic levels.
A modest setback on the housing front, as home builder confidence unexpectedly fell in January, as concern about job growth and the large supply of foreclosed homes on the market weighed on builders' sentiment.
In a modest setback on the housing front, the National Association of Home Builders' Housing Market Index fell to 18 in October from 19 in September, the group announced Monday. That's the index's first decline since June. Economists surveyed by Bloomberg News had expected the reading to rise to...
According to a news report by the National Association of Home Builders (NAHB), the clock is running down on the $8,000 tax credit for first-time home buyers. With less than four months to go, builders are urging qualified prospective buyers to start the sales process long before the Nov. 30...

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