Economics



For the second straight quarter, Phoenix topped Realtor.com's Top Turnaround Tow

For the second straight quarter, Phoenix topped Realtor.com's Top Turnaround Tow

News
August 21, 2012

Phoenix, Oakland, Calif., and Boise, Idaho, are among the 10 housing markets that saw the biggest second-quarter improvement in both median list prices and for-sale inventories, according to data from Realtor.com.

NAHB: House, Senate deadlocked on tax extension proposals

NAHB: House, Senate deadlocked on tax extension proposals

News
August 05, 2012

The Senate on July 25 narrowly approved a Democratic proposal to extend the 2001 and 2003 tax cuts through 2013. A week later, the Republican-led House passed competing tax extension legislation. The votes essentially leave Congress deadlocked on this issue.

NAHB to Congress: Tread lightly when imposing mortgage lending reform

NAHB to Congress: Tread lightly when imposing mortgage lending reform

News
July 11, 2012

The National Association of Home Builders (NAHB) told Congress today that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to the mortgage markets while ensuring consumer protections.

home building, construction spending, May, 2012, increase, residential

home building, construction spending, May, 2012, increase, residential

News
July 02, 2012

A 3 percent increase in residential construction spending in May pushed overall construction spending up 0.9 percent for the month, the largest jump since December 2011.

Conference Board, consumer confidence, index, June 2012, present conditions

Conference Board, consumer confidence, index, June 2012, present conditions

News
June 27, 2012

The Conference Board Consumer Confidence Index, which had declined in May, fell further in June, according to data released Tuesday.

What ‘taxaggedon’ would mean for home builders

What ‘taxaggedon’ would mean for home builders

News
June 25, 2012

Economists at the National Association of Home Builders recently analyzed the impacts of the expiration of the Bush-era tax cuts (or “Taxaggedon,” as tax policy experts call it) on home builders, and the outlook is not bright.

Warren Buffett, Residential Capital, bid, mortgage company, bankrupt, optimism

Warren Buffett, Residential Capital, bid, mortgage company, bankrupt, optimism

News
June 20, 2012

Further supporting his belief that the U.S. housing market is headed for recovery, Berkshire Hathaway CEO Warren Buffett announced Monday the investment firm had put in a $3.85 billion bid for troubled mortgage company Residential Capital LLC.

10 hottest housing markets for first-time buyers

10 hottest housing markets for first-time buyers

News
June 11, 2012

Fresno, Calif., and Camden, N.J., were among the top 10 housing markets for first-time home buyers in 2011, according to a new report from Inman News. See which other markets made the list.

5 fastest growing (and shrinking) states by GDP

5 fastest growing (and shrinking) states by GDP

News
June 08, 2012

A new report from the U.S. Bureau of Economic Analysis offers a state-by-state breakdown of real gross domestic product last year. North Dakota saw the largest GDP gain in 2011, up 7.6 percent, while Wyoming experienced the steepest decline (-1.2 percent).

News
June 06, 2012

More than 700 home builders made their way to Capitol Hill this morning to meet with their representatives and senators on several key housing issues, including legislation to help restore the flow of credit for new housing production, GSE reform, and housing tax incentives.

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