New Home Sales Surge Ahead in May at Fastest Pace in 2 Years
Americans bought new homes in May at the fastest pace in more than two years. The 7.6% increase suggests a modest recovery in the housing market is continuing, despite weaker job growth.
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KB Home: Why This Homebuilder Will Never Be Great Again
Most homebuilders saw their shares pop higher Tuesday after heavyweight Lennar released better-than-expected quarterly numbers -- but not KB Home. In fact, its shares actually fell. Here's why KB isn't invited to the housing recovery party.
New Home Sales Dip for Second Straight Month, But Prices Surge
Sales of U.S. new homes fell in February for the second straight month, a reminder that the depressed housing market remains weak despite some improvement. But the Commerce Department also reported some positive signs.
What to Watch This Week: Malls, Tech, Homes and Papers
With 2012's first earnings season well under way, let's go over some of the items that will help shape the week that lies ahead: Here's why you should be watching one major mall owner, two tech giants, three homebuilders and a couple of old media behemoths.
New-Home Purchases Fall, 2011 Worst Ever for Sales
Fewer people bought new homes in December, making 2011 the worst sales year on record. The Commerce Department said Thursday new-home sales fell last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.
New-Home Sales Up in Nov. But 2011 Figures Dismal
Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000. That's less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market.
New-Home Sales Tick Up As Builders Slash Prices
Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices in the face of depressed demand. Analysts say the modest increase on the back of reduced prices suggests the struggling housing market is years away from a turnaround.
Advice on Juggling Higher Bills, New Business
Cassandra and her husband have seen major life changes in the past few months: A new house in the NYC suburbs, bills that suddenly exceed his salary, and a new business for her. But though her consulting firm is thriving, now she's got a different problem: how to properly take money out of it. DailyFinance drafted an expert to help.
