News
04/08/2012 10:11
Investors help turn the housing market into a source of growth
STEVE SCHMITZ surveys the street outside his newly bought four-bedroom house and enthuses over what he sees. Stucco houses with tidy gardens, just like his, line the road. A minivan is parked outside one, an SUV sits in...
—————
02/08/2012 15:44
(Reuters) - The International Monetary Fund said on Thursday it believes a recovery in the U.S. housing market is key to eventually boosting economic growth in the United States and bringing down the country's unemployment rate.
The IMF's annual assessment of the U.S. economy released...
—————
01/08/2012 09:49
(Reuters) - Oliver Chang, the former head of U.S. housing strategy at Morgan Stanley, on Wednesday announced the opening of an investment firm that intends to spend up to $1 billion to acquire distressed, single-family homes over the next two years.
Sylvan Road Capital is launching...
—————
31/07/2012 08:22
(Reuters) - Home prices rose for the fourth month in a row in May, suggesting the recovery in the housing market continued to gain traction, even as the broader economy wobbles.
Other data on Tuesday showed consumer confidence unexpectedly rose in July but spending fell in June for the...
—————
24/07/2012 21:53
The gradual recovery in the housing market continues amid more upbeat news this morning.
U.S. home prices rose 0.8% in May from a month earlier, the fourth-straight monthly increase, according to the FHFA’s monthly index. Prices are up 3.7% on a year-over-year basis.
This report...
—————
23/07/2012 23:28
U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. said in a report today.
Housing has a “long list of positives,” including rising prices, job growth, supportive government policies...
—————
19/07/2012 19:19
The U.S. housing sector is poised to boost economic growth. While existing home sales fell 5.4 percent in June from May, other indicators suggest a recovery is under way. A flip to a positive impact after dragging on GDP for five years will give lawmakers a chance to change distorting housing...
—————
18/07/2012 19:52
Groundbreaking on new U.S. homes rose in June to its fastest pace in over three years, lending a helping hand to an economy that has shown worrisome signs of cooling. The Commerce Department said on Wednesday that housing starts rose 6.9 percent last month to a seasonally adjusted annual rate of...
—————
17/07/2012 18:37
Homebuilders today are feeling more confident than they have in more than five years. Recent earnings reports from the big public builders have shown spikes in new orders for single family homes, and competition from foreclosures has eased as banks try to modify more troubled loans. Homebuilder...
—————
17/07/2012 11:50
A report from Wells Fargo reveals a booming mortgage business -- and a U.S. economy in fine shape.
Beginning this week we won't have time -- at least most of us won't -- to do enough work on individual quarterly reports as they happen. The next three weeks will be sheer hell, and I am always...
—————
