Sign In
Free Newsletter
JPMorgan’s role in burst housing bubble costs $13B
WASHINGTON — JPMorgan Chase & Co. has reached a record $13 billion settlement with federal and state authorities, resolving claims over the bank’s sales of low-quality, high-risk mortgage-backed securities that collapsed in value during the U.S. housing crisis. The agreement is the latest chapter in the bursting of the housing bubble. “Without a doubt, the […]
Buyer interest leaves homebuilders less gloomy
WASHINGTON — U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year. The National Association of Home Builders/Wells Fargo builder sentiment index rose four points to 25 in January. That’s the highest level since June 2007. Even […]
U.S. homebuilders expressing less pessimism
WASHINGTON — Rising interest from would-be buyers is leaving U.S. homebuilders less pessimistic about the housing market. But tighter lending standards are still keeping many potential buyers from purchasing new homes. The National Association of Home Builders/Wells Fargo builder sentiment index rose two points to 21 in December. That’s the highest level since May 2010. […]
U.S. home builders not optimistic in August
WASHINGTON — Homebuilders are not feeling very good about a turnaround in the U.S. housing market. The National Association of Home Builders says its index of builder sentiment in August was unchanged at 15. Any reading below 50 indicates negative sentiment about the housing market. The index hasn’t reached 50 since April 2006, the peak […]
U.S. builders’ outlook falls amid weakening sales
WASHINGTON — The outlook among U.S. homebuilders has been grim all year. This month, it became grimmer. An index that measures builders’ sentiment for their industry fell three points in June to 13, the National Association of Home Builders said Monday. That’s the lowest level in nine months. And it’s just five points above the […]
