homebuilding

Buyer Interest Leaves Homebuilders Less Gloomy

U.S. homebuilders are growing less pessimistic about the housing market, despite tighter lending standards that have slowed home sales. The National Association of Home Builders/Wells Fargo builder sentiment index rose four points to 25 in January. That's the highest level since June 2007. It's just the third time the index has been at 20 or above in two years.

Construction Spending Rose 0.7% in October

The measure was boosted by the second straight monthly rise in private construction spending. Single-family homes posted their biggest gain in six months Still, it's way too soon to declare an end to the private building slump.

U.S. Housing Starts Rose for Third Straight Month

The unexpected increase of 0.3% to a 610,000 annual rate provides additional evidence that homebuilding in the beleaguered U.S. housing sector may be bottoming. However, economists caution that it's still too early to declare any kind of solid turnaround.

Lennar Could Be
a Hotspot in Cold Housing Stocks

Housing is one cold spot in the economy that continues to baffle and rattle investors. Lennar, however, is among the few that some big investors are moving back into. Its diversification and appeal to first-time buyers are among company's strengths.

Does the Housing Market Need More Federal Help?

The U.S. housing sector's road to recovery is getting rougher: Housing starts fell a worse-than-expected 5% in June to a seasonally adjusted annual rate of 549,000. Permits for new single-family homes fell 3.4% to a 421,000 annual rate -- their lowest since April 2009.