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Tagged : home building

Found 5 blog entries tagged as "home building". - The National Association of Home Builders (NAHB)/ First American Improving Markets Index (IMI) continued its trend of marked monthly improvements in January, according to a release from the NAHB.

The index rose for the fifth consecutive month in January to reach 242, once again achieving a record high. The index measured 201 in December.

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CNNMoney - Home Depot  reported better-than-expected earnings and revenue Tuesday and raised its guidance for the current quarter, citing signs of a housing recovery.

The news lifted shares of the Dow component 1.9% in premarket trading.

The quarter only ran through Oct. 28, the day before Hurricane Sandy came ashore in New York and New Jersey.

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Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs the industry at the heart of the financial crisis is on the road to recovery.

Starts jumped to a 872,000 annual rate last month, the most since July 2008 and exceeding all forecasts in a Bloomberg survey of economists, Commerce Department figures showed today in Washington. The median estimate of 81 economists surveyed by Bloomberg called for 770,000. An increase inbuilding permits may mean the gains will be sustained. To read more on this article, click the link below:
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(Reuters) - From the outskirts of Las Vegas to the coast of California, stretches of undeveloped land in some of the most depressed housing markets in the U.S. are in high demand.

"We are coming out of the mother of all housing cycles, and residential land is the best way to play the ultimate recovery," said Michael Barr, a Paulson & Co portfolio manager, who oversees the Paulson Real Estate Recovery fund, which has under $500 million in assets for the $19.5 billion hedge fund. "Land is the highest returning component of the home building equation."

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512 Views, 0 Comments - It’s time to officially declare a real estate price bottom. And yes, prices could erode further in the hardest hit markets – At least statistically – but remember, the lower they’ve gone, the more likely they are to rebound with gusto.

 Market fundamentals usually develop so that the market with the lowest prices now will tend to rebound with more “bounce” over time. This means that the hardest hit markets,still highly desirable locations in the sunbelt, will yield much better equity over time. The stronger areas, which have sustained higher prices per square foot, will not be as volatile to the “up-side” as these areas that were over-built and over-invested.

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