By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
Independent voices from the TWT Communities
U.S. builders broke ground on far fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But applications for new construction reached a five-year peak, evidence that the housing revival will be sustained.
We're only a few weeks into 2013 and a number of concerns that held out attention last year are still commanding attention as we head into the gauntlet that is corporate earnings season.
Confidence among U.S. homebuilders inched up this month, to the highest level in more than 6 1/2 years, as builders reported the best market for newly built homes since the housing boom.
U.S. builders started construction last month on the most homes and apartments since July 2008, more evidence that the housing recovery is gaining momentum.
From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains.
Confidence among U.S. homebuilders rose this month to its highest level in six and a half years, driven by strong demand for newly built homes and growing optimism that the housing recovery will strengthen next year.
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.
Here's a real estate riddle: What do most homeowners want even though they rarely use it?
American Airlines is sending layoff warning notices to more than 11,000 employees although it expects job losses to be closer to 4,400.
Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year.
The number of Americans applying for unemployment benefits edged up slightly last week but remained at a level consistent with modest gains in hiring.
New federal rules proposed Wednesday would require all high-risk mortgage lenders to obtain property appraisals for the first time.
U.S. builders broke ground on the most new homes and apartments in nearly four years last month, the latest evidence that the housing market is recovering.
In the excitement of buying a brand-new home and choosing the features and finishes they desire, the last thing most buyers are thinking about is selling that home. Resale value is not always at the top of the list of considerations of new-home buyers, yet the choices made in the builder's design center will have an impact on the property's future value.
Freddie Mac issued a report Wednesday claiming the housing market may be emerging from a long slump. The government-backed mortgage giant happily cited the National Association of Home Builders/Wells Fargo confidence index, which is up for the fifth month in a row. The home builders forecast increased home sales for the coming year, based on an expectation of higher economic growth. Unfortunately for Freddie Mac, the real data provide little reason for such optimism.
