NEW YORK (Reuters) - The Roman Catholic archbishop of Newark, New Jersey, is facing mounting criticism over his plan to spend $500,000, mostly from the sale of church assets, on a extension to a countryside house where he will soon spend his retirement...
Want to check out the Charlotte Knights' brand new home at BB&T Ballpark in Uptown Charlotte? Single game tickets for the 2014 season go on sale this Saturday. Tickets will be available at the box office at 9 a.m. and online at noon. Field...Show More Summary
We were perhaps even more amused than our readers by our Friday headline "Stocks Close At New Record High On Russian Invasion, GDP Decline And Pending Home Sales Miss." It appears that today the market forgot to take its lithium, and...Show More Summary
From E. Scott Reckard at the LA Times: Supply of new homes for sale remains extremely low About 15,000 new homes will be sold this year in the six-county region — 58% less than the 20-year average, predicts Pete Reeb, an economist with John Burns Real Estate Consulting in Irvine.... Show More Summary
Last year, Philip James left the wine sale startup he co-founded, Lot18. The startup was once one of New York City’s most promising, raising tens of millions of dollars before undergoing a series of layoffs, product pivots and executive turnover. Show More Summary
With the Ukraine now openly appealing to the world to halt what in its own words is a Russian invasion, it only made sense that after the bigger than expected downward revision to Q4 GDP, and the miss in Pending Home Sales, that the S&P would close at a new all time high. Show More Summary
From housing economist Tom Lawler: Government New Home Sales Report, If Accurate, Suggests Large Builder Share Down; Aggressive Home Price Hikes May Be to BlameThe Commerce Department earlier this week estimated that new SF home sales...Show More Summary
Not every seller who tries to do a short sale after buying a new home is trying to scam the short sale bank, but that't pretty much how the banks look at it. I ask sellers if they have bought a new home as part of my routine questions before I accept a short sale listing. Show More Summary
File under the new LA skyline... another high rise is planned, from Roger Vincent at the LA Times: New high-rise on Broadway would be one of tallest in Southland [A] 34-story apartment skyscraper more than twice as tall as most other...Show More Summary
Please click here to see the edition of BuilderBytes for 2 /27/14 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: January new home sales rose to 5.5-year high Case-Shiller Index...Show More Summary
Yesterday's "better than expected" New Home sales served as the "good news" pre-market boost to send futures ramping higher once again, if not enough to cause a fresh all time high. Here is what really happened when one spreads the numbers, courtesy of Mark Hanson's housing blog. Show More Summary
The MBA reports that mortgage applications fell -8.5% last week, with purchases down -4.0% and refinancings down -11.0%. New home sales jumped a huge 9.6% in January to a 468,000 annual rate, the strongest since July 2008. Dale’s social media profiles: Twitter | Facebook | Google+
A 9.6% increase in new home sales helps push the major indexes higher, but the S&P 500 still can't set new record.
Northeast sales skyrocket after a rough December.
By Wall Street Strategies: By David Urani The Census Bureau reported January new home sales, and what a surprise it was. Sales were up 9.6% month to month, and up 2.2% year over year to an annual rate of 468k. This comes in well above the consensus estimate calling for a 3% decline to 400k. Show More Summary
By Joseph Y. Calhoun III: By Jeffrey P. Snider There is, of course, an intermediate step between mortgage finance and home construction - new home sales. So it stands to reason that given the collapse in mortgage finance (demand) and the correlated slide in construction that home sales would be of a similar pattern. Show More Summary
Stocks moved between small gains and losses Wednesday as investors assessed earnings reports from retailers and other companies. Home builders gained after sales of new homes jumped in January at the... To view the full story, click the title link.
This morning at the Associated Press, aka the Administration's Press, Martin Crutsinger reacted predictably to the Census Bureau's January new home sales release by commenting primarily on the forest while mostly ignoring the widely divergent health of the trees. Show More Summary
By Dean Popplewell: By Kenny Fisher The British pound has lost ground on Wednesday, wiping out the gains that the currency posted earlier in the week. Early in the North American session, the pair is trading in the low-1.67 range. In...Show More Summary
The Census Bureau and the U.S. Department of Housing and Urban Development reported that new single-family home sales rose anRead the Rest...