housing sector news stories on Newser

Dow Up 57 on Housing Data

Harry Kimball — Wed, 01 Jul 2009 15:14:07 CDT

Markets were up today on a surging food sector and good data from the manufacturing and housing industries, the Wall Street Journal reports. A key manufacturing activity index jumped from May to June, and an indicator of pending home sales also climbed for the fourth straight month. Amid the gains,...

Dow Up 173 on Housing, Retail

Harry Kimball — Thu, 25 Jun 2009 15:08:52 CDT

Markets rallied today on positive news from the retail and housing sectors, the Wall Street Journal reports. Major builders saw stocks go up as much as 15%, leading some to predict an end to the crisis in the housing market. In retail, meanwhile, companies such as Bed Bath and Beyond...

Dow Adds 19 on Housing News

Harry Kimball — Tue, 02 Jun 2009 15:14:26 CDT

Good news from the housing sector outweighed bank troubles today for Wall Street, the Journal reports. Manufacturer Alcoa tacked on 6%, and a housing-industry group said sales in April made the biggest jump in 8 years. Financials fell after more banks announced plans to pay back TARP loans through stock...

Dow Worries Its Way Down 130

Harry Kimball — Thu, 21 May 2009 15:13:37 CDT

Markets were off today on news that credit raters might downgrade England and other countries, the Wall Street Journal reports. Though oil remained stable, the stocks of construction-related firms like Home Depot, Caterpillar, and Alcoa plunged; the price of gold surged. The Dow was off 129.91 to 8,292....

Housing Data Put Dow Off 29

Harry Kimball — Tue, 19 May 2009 15:12:12 CDT

Yesterday’s housing-fueled rally didn’t carry over into today’s session, the Wall Street Journal reports, in part because of poor indicators from that same industry. April saw a 12.8% reduction in buildings starting construction; Home Depot dropped 5%. Still, a metric of investor anxiety today fell to its lowest point...

Home, Retail Sales Keep Sliding

Nick McMaster — Tue, 13 May 2008 11:36:35 CDT

The housing market continued to plunge in the first quarter of 2008, as single-family sales dropped 22% from their year-ago pace, to 4.95 million annually. Bloomberg reports that the median home price is off 7.7% from a year ago, to $196,300, as foreclosed properties drag down values....

Economy in 'Sharp Decline,' Paulson Admits

Peter Fearon — Wed, 19 Mar 2008 05:46:46 CDT

Hank Paulson came closer than ever to conceding that the economy is in recession in a series of interviews yesterday, Reuters reports. Weary after a weekend in which he helped to broker Bear Stearns' fire sale to JPMorgan, the treasury secretary avoided the R-word but admitted: "There's no doubt that...