Category Archives: Home Building

New-home sales reached a seasonally adjusted annualized rate of 298,000 in July, down from 323,000 last year, and a far cry from 2005, when 1.28 million new homes were sold, according to the Census Bureau and the Department of Housing … Continue reading →

NEW RESIDENTIAL SALES IN AUGUST 2011 Sales of new single-family houses in August 2011 were at a seasonally adjusted annual rate of 295,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and … Continue reading →

 Date Time (ET) Release For Consensus Prior Impact M Sep 26 10:00 New Home Sales Aug 293K 298K Moderate Tu Sep 27 10:00 Consumer Confidence Sep 46.7 44.5 Moderate W Sep 28 08:30 Durable Goods Orders Aug 0.0% 4.1% Moderate … Continue reading →

To help the economy succeed, the Fed is certainly using its ability to the max. Coming out of the FOMC meeting Wednesday, the Fed announced “Operation Twist”–a strategy of selling its short-term securities to buy long-term bonds to drive down long … Continue reading →

The great opportunity now is for home buyers to get a mortgage at an historically low rate. Freddie Mac reported national average mortgage rates set new record lows last week. But according to most observers, buyers shouldn’t expect further rate dips. … Continue reading →

In August 2011, Apple Inc became the highest valued company in the world with a Market Cap of $337.2 billion. Shortly after, Steve Jobs, founder of Apple, retired. Having built the company for 30 years, he recently earned the title … Continue reading →

It frustrates me when I turn on the news and hear newscasters play up one data point in their newscasts when they talk about the economy, ignoring many other factors. That isn’t fair, and it doesn’t tell the whole story. … Continue reading →

Shares of homebuilders rose after a new report said housing prices have increased for the third straight month. The Standard & Poor’s/Case-Shiller home-price index showed Tuesday that prices rose in June from May in 19 of 20 cities tracked. Prices … Continue reading →

A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. Robert Frost