Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.

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AP - Homebuilders’ confidence in a near-term housing recovery sank to a new all-time low this month, reflecting growing worries over the U.S. financial crisis, rising unemployment and weakening consumer confidence, an industry trade association said Tuesday.

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WASHINGTON – Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.
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PHILADELPHIA - Luxury-home builder Toll Brothers Inc. on Tuesday posted a second-quarter loss that was smaller than Wall Street expected, as a hefty write-down driven by joint ventures was offset by other income.
Shares of Toll Brothers rose 64 cents, or 3.1 percent, to $21.60.
Chief Executive Robert Toll said demand continues to be weak in […]

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AP - HORSHAM, Pa. - Luxury home builder Toll Brothers says preliminary results show homebuilding revenue fell 30 percent in its fiscal second quarter amid a weak spring selling season.
Horsham, Pa.-based Toll Brothers Inc. also says it expects to continue to face “challenging times” ahead, given soft conditions in most markets.
Second-quarter homebuilding revenue slid…
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Two of the nation’s largest home builders after Wednesday’s market close report quarterly losses as housing market weakness continues to weigh on the beleaguered industry and hopes for a recovery this spring.
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NEW YORK (Reuters) - Home builders are expected to post losses when they start issuing their quarterly earnings results this week, but they are likely to be smaller than the staggering losses seen last year.
However, if the Senate has its way, last year’s numbing results could actually help the home builders by giving them a […]

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WASHINGTON (AFP) - US housing starts and construction permits fell to 16-year lows in March, the government said Wednesday, in a fresh sign of contraction in the troubled real estate market.
The Commerce Department said US March housing starts fell 11.9 percent to a 947,000 unit annual rate, down from an upwardly revised 1.075 million […]

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