July home building slips after early-summer bump
BY: Associated Press WASHINGTON — U.S. builders broke ground on fewer single-family houses in July, leaving home construction at depressed levels. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from June. That’s half the 1.2 million homes per year that economists say must be built [...] |
New home sales fall, but prices rise slightly
BY: Associated Press WASHINGTON— Fewer people bought new homes in June, evidence that the housing market remains weak. Sales of new homes fell 1 percent last month to an annual rate of 312,000, the Commerce Department said Tuesday. That’s less than half the 700,000 that economists say is typical in healthy markets. Last year was the worst for [...] |
New-home sales fell in May, median price rose
BY: Associated Press WASHINGTON — Fewer people bought new homes last month, the latest sign that the struggling housing market won’t rebound this year. New-home sales fell 2.1 percent in May to a seasonally adjusted annual rate of 319,000 homes, the Commerce Department said Thursday. That’s far below the 700,000 homes per year that economists say must be [...] |
Construction of new homes plummeted again in April
BY: Associated Press WASHINGTON — For homebuilders, it hardly feels like an economic recovery. Nearly two years after the recession ended, the pace of construction is inching along at less than half the level considered healthy. Single-family home building, the bulk of the market, has dropped 11 percent in that time. And there’s no sign it will improve [...] |
New-home sales rose in March after weak winter
BY: Associated Press  WASHINGTON — More people bought new homes in March, giving the battered industry a small lift after the worst winter for sales in almost a half-century. New-home sales rose 11 percent last month from February to a seasonally adjusted rate of 300,000 homes, the Commerce Department said Monday. That follows three straight monthly declines. Still, [...] |
New-home construction increases 7.2 percent in March
BY: Associated Press WASHINGTON — Builders broke ground on more new homes last month, giving the weak housing market a slight boost at the start of the spring buying season. Home construction rose 7.2 percent in March from February to a seasonally adjusted 549,000 units, the Commerce Department said Tuesday. Building permits, an indicator of future construction, rose [...] |
Builder outlook falls ahead of spring season
BY: Associated Press WASHINGTON — Homebuilders are more pessimistic about the housing market this month, a dismal sign at the start of the spring-buying season. The National Association of Home Builders says its index of industry sentiment for April fell slightly to 16. It had risen modestly in March, to 17, after four straight months at 16. Any [...] |
New-home sales plunged in February to record low
BY: Associated Press  WASHINGTON — Home construction in the United States is all but coming to a halt. Americans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago. Sales are now just half the pace of 1963 — even though there are 120 million more [...] |
New-home construction plunges in February
BY: Associated Press WASHINGTON — Builders broke ground last month on the fewest homes in nearly two years, a reflection of declines in home prices and diminished demand that has made it difficult for them to compete. The Commerce Department says home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous [...] |
New-home sales in 2010 fall to lowest in 47 years
BY: Associated Press WASHINGTON — Buyers purchased the fewest number of new homes last year on records going back 47 years. Sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department said Wednesday. It was the fifth consecutive year that sales have declined after hitting record [...] |
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Maryland Moment – A walk in the park
A woman checks her phone last month during a walk around the lake at Druid Hill Park. Photo taken by Vicky Gray of Baltimore.
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