housing inventory

Done Cheering for Home Sales? Here's What's Really Going On

The housing market is improving, but there are still some troubling signs out there. Here's what's happening in local markets around the country.

New Housing Starts Plunged 11.7% in October

U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construction, did inch 0.5% higher last month.

Why Housing's Bottom Is Still a Few Years Away

As the number of foreclosures continues to rise and more homeowners find themselves underwater, it's hard to argue that housing values have ended their fall. But when will the market finally bottom out? It could take several more years.