housing market recovery

Looking Beyond Housing-Market Hype

The housing environment may not be as rosy as Wall Street has made it out to be. As an investor or a homeowner, keep that in mind when making your big-budget decisions.

Amazon Inks $600 Million Deal with CIA for Cloud Computing

Amazon has reportedly won a $600 million dollar, 10-year contract to supply cloud computing services to the CIA. The online retailer will help the spy agency build a private cloud infrastructure to keep up with emerging technologies.

Dow Surges a 2nd Day to a New 5-Year High, Closes in on Record

Stocks are closing sharply higher for a second day as evidence mounts that the housing market is making a comeback. The Dow Jones industrial average jumped 175 points to 14,075, its highest close of the year. It's up nearly 300 points over the past two days, putting it within 100 points of its record high reached in October 2007.

Home Prices Post Healthy Gains in December

U.S. home prices rose at a healthy pace in December compared with a year ago, driven higher by rising sales and a smaller supply of available homes. The Standard & Poor's/Case-Shiller 20-city home price index rose 6.8 percent year over year, up from a 5.5 percent annual gain in November.

Midday Market Minute: Lowe's 4Q Net Income Tops Expectations

Home improvement retailer Lowe's Cos. credits cleanup efforts after Superstorm Sandy and its new pricing strategy for fourth-quarter earnings that surpassed Wall Street expectations, a sign that people are beginning to feel better about spending money on their homes as the housing market slowly recovers.

U.S. Home Sales Rise to 2nd-Highest Pace in 3 Years

U.S. sales of previously occupied homes rose in January to the second-highest level in three years, a sign the housing market is maintaining its recovery and helping to bolster the economy. The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December.

Late-Payment Rate on U.S. Mortgages Hits 4-Year Low

Homeowners who took on mortgages well after the housing bubble burst are doing a better job in keeping up with payments, a trend that has helped push the national rate of late payments on home loans to the lowest level in four years.

Home Prices Rose in December by Most Since May 2006

U.S. home prices rose 8.3 percent in December compared with a year earlier, according to data Tuesday from CoreLogic, a real estate data provider. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.

Consumer Confidence Plunges as Payroll Tax Holiday Ends

U.S. consumer confidence plunged in January to its lowest level in more than a year, reflecting the cut to take-home pay nearly all working Americans were hit with after Washington allowed a temporary Social Security payroll tax holiday to expire.

U.S. New-Home Sales Fell in Dec., Sales for Year Up

The housing market is back, but how strong will it be this year? New home sales were weaker than expected in December, down nearly eight percent from a year earlier. But the housing recovery for all of 2012 was surprisingly strong after the collapse that started four years earlier.

U.S. Pending Home Sales Rise to Highest in 2.5 Years

A measure of Americans who signed contracts to buy homes increased last month to its highest level in two and a half years, the latest sign of improvement in the once-battered housing market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index rose 1.7 percent in November from October to 106.4.

Home Prices Rise in October by 6.3%, the Most in 6 Years

U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the housing market. But month-over-month, prices fell 0.2 percent in October from September, reflecting the end of the summer home-buying season.

U.S. New-Home Sales Rise to Highest in 2.5 Years

U.S. sales of new homes jumped last month to the highest level in more than two years, further evidence of a sustained housing recovery that could help lift the lackluster economy. The Commerce Department said Wednesday that new home sales rose 5.7 percent in September to a seasonally adjusted annual rate of 389,000.

U.S. Housing Construction Jumps to 4-Year High

U.S. builders started construction on homes in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening and could help the economy grow.

Sold! Contracts to Buy Homes Jump to 2-Year High

Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests home sales will rise this summer and the modest housing recovery will continue.

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.