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Futures rise; all eyes on the Fed
U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone. Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.80. Nasdaq futures are up 4.25 points ...
US housing starts fell in April but permits surged
U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month. And applications for new construction reached a five-year peak, ...
US homebuilder confidence rises in May from April
Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years. The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday rose to 44 in May from ...
RealtyTrac: US home repossessions fell in April
Fewer U.S. homes entered the foreclosure process or were repossessed by lenders last month, the latest indication that the nation's foreclosure woes are waning. Nationally, home repossessions fell 20 percent in April from the previous month and were down 32 percent from a year earlier, foreclosure listing firm RealtyTrac Inc. ...
Late-payment rate on mortgages tumbled in 1Q
A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments. The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months of this year versus the ...
Internet sales tax bill faces tough sell in House
Traditional retailers and cash-strapped states face a tough sell in the House as they lobby Congress to limit tax-free shopping on the Internet. The Senate voted 69 to 27 Monday to pass a bill that empowers states to collect sales taxes from Internet purchases. Under the bill, states could require ...
Survey: US home prices up 10.5 pct. in past year
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006. Core Logic, a real estate data provider, said Tuesday that annual home prices have now increased for 13 straight months. Prices are rising in part because more buyers ...
US rate on 15-year mortgage at record 2.56 pct.
The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying and refinancing. Mortgage buyer Freddie Mac said Thursday that the average rate for the 15-year fixed mortgage slipped ...
US construction spending down 1.7 percent in March
Spending on U.S. construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building. Construction spending fell 1.7 percent in March, compared with February, the Commerce Department reported Wednesday. It marked the second decline in the past three months. ...
US home prices up 9.3 pct., most in nearly 7 years
U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes. The Standard & Poor's/Case-Shiller 20-city home price index increased from an 8.1 percent ...
Despite hurdles, Cuba real estate market buzzing
In some ways, Yosuan Crespo's real estate office resembles any you might find in New York, London or Tokyo. There are slick posters of hot properties hanging from the ceiling, a steady stream of hopeful buyers and sellers and a constant clack of computer keys. But Crespo's headquarters in central ...
S&P 500 reaches new high, led by tech
Technology companies led the Standard & Poor's 500 index to an all-time closing high Monday. The stock market has recovered all the ground it lost over the previous two weeks, when worries over slower economic growth, falling commodity prices and disappointing quarterly earnings battered financial markets. The S&P 500 index ...
US stocks rise, led by technology companies
Encouraging economic reports are sending stock prices higher on Wall Street. Wages and spending rose in the U.S. last month, and pending home sales hit a three-year high. The Dow Jones industrial average was up 66 points to 14,779 at noon Eastern time Monday, a gain of 0.4 percent. The ...
Pending US home sales reach 3-year high in March
The number of Americans who signed contracts to buy homes rose in March to the highest level in three years, pointing to higher sales this spring. The National Association of Realtors said Monday that its seasonally adjusted index for pending home sales rose 1.5 percent to 105.7. That's the highest ...
AT&T to sell home automation, security packages
AT&T Inc. is launching its home security and automation service in 15 cities Friday, with an eye toward getting customers hooked on security cameras, thermostats and locks they can control from phones and tablets. AT&T's "Digital Life" packages will be sold in cellphone stores in markets including Los Angeles, Chicago, ...
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