Summary Box: February snows depress housing construction with permit applications also down HOUSING STARTS: Construction of new homes and apartments fell 5.9 percent in February to a seasonally adjusted annual rate of 575,000 units. SNOW EFFECT: Economists blamed the heavy snowstorms that ...
WASHINGTON (Reuters) - U.S. housing starts fell last month as winter storms disrupted construction, and another drop in building permits suggested the weakness would linger. Though the data on Tuesday was an indication home building would clip economic growth in the first ...
WASHINGTON (Reuters) - Housing starts and permits to build new homes both fell in February as winter storms in some parts of the country disrupted home building, a government report showed on Tuesday. The Commerce Department said housing starts fell 5.9 percent ...
Housing construction likely slipped in February in part because of severe winter snowstorms Housing construction, which hit a six-month high in January, likely slipped in February, reflecting in part the major snowstorms that hit many parts of the country. The housing industry ...
FILE - In this Feb. 18, 2010 file photo, a construction worker builds a new home in Grosse Pointe Park, Mich. The National Association of Home Builders releases its housing market index for March on Monday, March 15. (AP Photo/Paul Sancya, File) ...
Homebuilder sentiment index drops in March as weather, foreclosures put damper on outlook Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for homebuilders. The National Association of Home Builders said Monday its housing market ...
Orleans Homebuilders, in bankruptcy protection, gets financing approval The developer Orleans Homebuilders Inc. said Friday that it has received approval from a Delaware bankruptcy court for financing to continue operating after filing for Chapter 11 protection. The builder said it received interim ...
Highlights from the latest Beige Book economic survey of the Fed's 12 regional bank districts Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the ...
CEO of homebuilder Hovnanian says market could withstand a 'little' increase in foreclosures The CEO of Hovnanian Enterprises Inc. said a modest surge in foreclosures this year wouldn't have a devastating effect on the homebuilder's sales. Ara Hovnanian said new construction and ...
Homebuilder Hovnanian Enterprises posts $236.2M profit in 1st-qtr on tax gain Hovnanian Enterprises Inc. said Tuesday it posted a quarterly profit for the first time since 2006 as the homebuilder benefited from a hefty tax gain. But aside from the $291.3 million ...
