ANNAPOLIS — A series of nine amendments to the O’Malley administration’s septic bill cleared the Senate, preserving longstanding control of septic use with local planning authorities. “Land use is a very hot topic for local governments, and Maryland statute has ...Read More »
WASHINGTON — The average U.S. rate on a 30-year fixed mortgage rose above 4 percent for the first time in five months. The sharp increase suggests the window to buy or refinance a home at historically low rates is closing. ...Read More »
WASHINGTON — U.S. builders are betting that the housing market is finally on the path back to health. They requested 5 percent more permits in February to build single-family homes and apartments in the coming months. That increased the annual ...Read More »
WASHINGTON — Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices. The Standard & Poor’s/Case-Shiller home-price index shows prices dropped ...
Tagged with: builders case-shiller cities first-time buyers Foreclosures hiring home prices housing market mortgage previously occupied homes prices sales standard & poor's/case-shiller home-price indexRead More »
WASHINGTON — Construction of single-family homes in the U.S. cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come ...Read More »
WASHINGTON — Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century. The Commerce Department said Thursday new-home sales fell 2.2 percent last month ...Read More »
WASHINGTON — Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end of the year lifted hopes for an eventual recovery. In December, builders ...
Tagged with: builders buyers commerce department construction Foreclosures home construction homes mortgage National Association of Home Builders new homes purchases Recession sellers single-family homesRead More »
WASHINGTON — Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual ...Read More »
WASHINGTON — A surge in apartment construction gave home builders more work in November. And permits, a gauge of future construction, rose largely because of a jump in apartment permits. Some analysts say the gains, though coming off extremely low ...Read More »
WASHINGTON — U.S. factories grew last month at the fastest pace since June, helped by a jump in new orders and production. The Institute for Supply Management, a trade group of purchasing managers, said Thursday that its manufacturing index rose ...Read More »