new home construction

Guess What Wall Street's Doing With Foreclosed Homes?

Despite the new housing construction boom, there are still lots of empty foreclosures out there, which banks have been trying to rent. But now, Wall Street wants to bundle those rental properties into securities and sell them to investors. Does this sound disturbingly familiar?

US Housing Starts Rose 2.3 Percent in August

U.S. builders started work on more homes in August, driven by the fastest pace of single-family home construction in more than two years. The increase points to steady progress in the housing recovery.

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.

US Housing Starts Down Slightly in October

U.S. builders started slightly fewer homes in October but submitted plans for a wave of apartments, a mixed sign for the struggling housing market. Ground was broken on a seasonally adjusted annual rate of 628,000 homes last month, roughly half the 1.2 million that economists equate with a healthy housing market.

Homebuilder Confidence Index Goes Nowhere

Technically, the home builder sentiment index inched one point higher to 16 in November, the National Association of Home Builders said Tuesday, but the gain was offset by a revised one-point dip in October%u2019s sentiment reading, and the numbers remain well below those seen during a healthy housing market.

Stimulus Lifts Construction Spending in August

Boosted by government projects, construction spending unexpectedly rose 0.4% in August. Though a single monthly gain hardly means the sector%u2019s long contraction is over, the data does hint that the period of large, monthly construction spending declines may be ending.

New-Home Sales at Second Lowest Level Since 1963

U.S. new-homes sales were unchanged in August, clocking in at a 288,000-unit annual rate -- the second lowest level since 1963. Overall, new home sales flat-lined this summer after the home buyer tax credit ended, but there was some good news in the numbers from the coasts.