Homebuilding

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US home building slumps in October

AFP Global Edition 5 days ago

US housing starts unexpectedly slumped in October as the economy struggles to emerge from a recession sparked off by a home mortgage meltdown, government data showed Wednesday. The Commerce Department said that construction starts on privately owned homes dived 10.6 percent from ...

Sector Snap: Homebuilders follow Pulte higher

AP News 5 days ago

Shares of homebuilders follow Pulte higher, brushing off reports showing weak housing sector Shares of most homebuilders were mixed in Wednesday trading after two reports gave weak readings on the current housing market. Bucking the trend was Pulte Homes Inc., which jumped ...

Oct. home construction, permits fall unexpectedly

AP News 5 days ago

Housing construction plunges 10.6 percent in October, building permits fall 4 percent Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers. The results show how much the housing market ...

Ahead of the Bell: Housing Starts

AP News 5 days ago

New home construction, building permits projected to climb in Oct. as housing market improves New home construction likely inched higher in October as builders seized on the promise of more orders due largely to a federal tax credit for first-time homebuyers. Construction ...

Homebuilder sentiment index unchanged in November

AP News 6 days ago

US homebuilder sentiment index unchanged in November, but six-month sales outlook improves A key gauge of homebuilders' confidence held steady in November, reflecting a cautious outlook from residential developers as they waited to learn whether Congress would extend a homebuyer tax credit. ...

Home builder sentiment steady in November

Reuters US Online Report Business News 6 days ago

WASHINGTON (Reuters) - U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers. The National Association of Home Builders/Wells Fargo Housing Market Index was ...

U.S. home builder sentiment steady in November

Reuters US Online Report Business News 6 days ago

WASHINGTON (Reuters) - U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers. The National Association of Home Builders/Wells Fargo Housing Market Index was ...

Business events scheduled for the coming week

AP News 11 days ago

Business events and economic reports scheduled for the coming week MONDAY, Nov. 16 WASHINGTON — Commerce Department releases retail sales for October, 8:30 a.m.; Commerce Department releases business inventories for September, 10 a.m. MOORESVILLE, N.C. — Lowe's Cos. releases third-quarter results. TUESDAY, ...

Toll shares rise as Q4 net contracts up 42 percent

Reuters US Online Report Business News 12 days ago

SEATTLE (Reuters) - The slump in the housing market ended around March, and while there is improvement, it will be slow and fitful, U.S. luxury homebuilder Toll Brothers Inc's <TOL.N> Chief Executive Robert Toll said on Wednesday. The housing market slump, "we ...

Toll 4th-quarter revenue to top view; shares up

Reuters US Online Report Business News 13 days ago

SEATTLE (Reuters) - Luxury homebuilder Toll Brothers Inc <TOL.N> said on Tuesday said it expected fourth quarter revenue to drop 30 percent, but blew past Wall Street's expectations by nearly $100 million, and the company's shares rose 5.4 percent in after-hours trading. ...

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