Home builder confidence in the market for new single-family homes increased for the fifth consecutive month in February, the highest level the index has reached in more than four years.
Nationwide housing affordability, as measured by the Housing Opportunity Index (HOI), rose to a record level during the fourth quarter of 2011, while prospective home buyers continued to feel the constraints of tighter credit standards and a soft economy.
Building on significant upward revisions to numbers for the previous two months, nationwide production of new single-family homes and apartments increased 1.5 percent to a seasonally adjusted annual rate of nearly 700,000 units in January.
More than 51,000 builders, remodelers and other members of the home building industry crowded the aisles of the National Association of Home Builders' International Builders' Show (IBS).
The American Trucking Associations has filed a petition asking a federal court to review the new hours of service rules announced by the FMCSA that reduce the maximum number of hours a truck driver can be on the road from 82 hours per week to 70 hours.
U.S. foreclosure filings edged up 3% in January as picking up for the first time since the fall 2010 robo-signing crisis in the states of Indiana, Illinois, Pennsylvania and Florida.
Americans' economic confidence hit its highest level of the past year in January and is approaching its highest level in four years, according to new survey data released by the Gallup Organization.
Canada's composite index of leading economic indicators rose 0.7% in January, following an identical gain the previous month, according to Statistics Canada.
One of the most concerning trends that our group has cited numerous times over the past year has been the structural unemployment problem facing the United States.
Explores issues and tradeoffs that the Federal Reserve Board believes lawmakers should consider in addressing these forces affecting the housing market.
The recession probability model based on the new Leading Economic Index successfully predicts all recessions since 1979, but it has more false-positives compared to our original model, which uses the old LEI.
Economic activity appeared to turn up a notch toward the end of 2011, and data for the early part of 2012 suggest that the new year has gotten off to a solid start.
The LEI rose 0.4 percent, supported by an increase in the average workweek and improving financial indicators. This is now the fourth-consecutive month of improvement in the index.
Consumer confidence in the U.S. increased for a fourth straight week to reach the highest level in a year as more households believe the economy is improving.
A number of successful home builders, designers, and architects were asked what they are designing, building, and installing in homes that are making home shoppers want a house
The Occupational Safety and Health Administration (OSHA) has posted a series of 17 videos to help workers learn about the proper use of respirators on the job.