HARTFORD, Conn.—Housing inventory may be rising in some parts of Connecticut, but a new report shows there’s a mismatch between what’s coming on the market and the type of affordable housing that’s needed.
Economist Donald Klepper-Smith, who analyzed the state’s housing market for the HOMEConnecticut campaign, says much of the available housing is older and located […]
Report: Affordable housing still needed (Boston Globe)
June 4th, 2008 · Permalink
Toll Brothers swings to hefty 2Q loss on write-downs
June 3rd, 2008 · Permalink
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 […]
Housing market plunged into biggest crisis since crash of early 1990s
May 30th, 2008 · Permalink
Daily Mail: World News - House prices have fallen by nearly £5,000 since the beginning of May - the biggest one-month drop since 1991.The Nationwide Building Society said prices had dropped by 2.5 per cent - equivalent to £1,200 a week - since April to an average of £173,583.
The […]
Foreclosure crisis to grow before it shrinks
May 25th, 2008 · Permalink
Foreclosures have flooded North County’s housing market, and indicators show that the waters will be rising, not receding through the rest of the year.
Just as April’s sales data was the best in months and provided some encouragement for real estate agents, the month’s huge foreclosure numbers offered more ammunition to housing market bears who see […]
US home sales decline, leaving record inventory glut
May 23rd, 2008 · Permalink
WASHINGTON (AFP) - The troubled US housing sector saw little relief in April as sales declined and prices fell further, creating a record glut of homes for sale, an industry group said Friday.
Sales of existing homes, the largest segment of the housing market, fell one percent in April from March to a seasonally adjusted annual […]
Impac Mortgage posts $2 bln loss in 2007 on credit woes
May 21st, 2008 · Permalink
Reuters - Impac Mortgage Holdings Inc , a struggling mortgage lender, said it lost $2.05 billion in 2007, largely because of mounting credit losses tied to higher delinquencies and defaults as the housing market slumped.
The loss totaled $27.10 per share, and compared with a loss of $75.3 million, or $1.18 per share, in 2006, Impac […]
The Economy: Housing Hope, Consumer Gloom
May 19th, 2008 · Permalink
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 […]
US home foreclosures hit fresh high in April
May 14th, 2008 · Permalink
WASHINGTON (AFP) - In a further sign of the still-troubled US housing market, a survey Wednesday showed home foreclosure actions hit a fresh all-time high in April of 243,353.
The survey by the research firm RealtyTrac said the percentage of foreclosure actions — including default, auction sale notices and bank repossessions — rose four percent from […]
