WASHINGTON - The number of homeowners stung by the rout in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with June a year ago, according to data released Thursday.
Nationwide, 252,363 homes received at least one foreclosure-related notice in June, up 53 percent from the same […]

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BusinessWeek Online - The housing market may be loosening up a bit, but the consumer mood is the darkest it has been since the Carter Administration, according to two economic reports released May 16.
U.S. housing starts rebounded 8.2%, to a 1.032 million-unit annual pace in April, from a revised 0.954 million rate in March (from […]

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The outlook for both the UK housing market and high street trading are “bleak”, an influential panel of economists have warned.
Ernst & Young’s ITEM club said conditions in the retail and housing markets were set to get a “whole lot worse” as the international banking crisis started to bite on the wider economy.
The group has […]

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WASHINGTON (AFP) - Further Federal Reserve interest rate cuts appeared more likely Wednesday after government reports showed a modest rise in inflation and that the housing market remained mired in a deep slump.
Many economists expect the US central bank to continue its aggressive rate-cutting campaign at a looming two-day meeting on April 29-30, especially as […]

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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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NEW YORK (CNNMoney.com) — Initial construction of U.S. homes was higher than expected last month, although down from the prior month as single-family housing starts reached a 17-year low.
Privately owned housing starts fell to a seasonally adjusted 1,065,000 annual rate in February, according to the Census Bureau report released Tuesday. The rate was down 0.6% […]

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Wired News
As the mortgage and financial crisis continues to notch more victims, the question on many economists’ minds is not whether a recession will happen, but how deep it will get and how long it will last. But one prominent voice thinks the high-flying finance industry isn’t going to bounce back — and that we’ll […]

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Reuters - The U.S. is likely in recession already and the housing market is expected to deteriorate further, JPMorgan Chairman and Chief Executive Jamie Dimon told a group of economists here on Wednesday.
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