Housing Market, Good News | featured news

The Commerce Department's report on new home construction is likely to show that multifamily properties is the bright spot in the beleaguered market.

Apartment landlords continue to have the best of all worlds as rents go higher and vacancies fall.

Home prices in major U.S. cities have risen for the first time in eight months, boosted by an annual flurry of spring buyers.

New U.S. single-family home sales rose unexpectedly in April to notch their second straight month of gains and prices increased, according to a government report on Tuesday that offered some hope for the stagnant housing market.

The number of American households behind on mortgage payments posted a substantial decline from year-earlier levels, but foreclosures remained near record highs in the first quarter.

Lower unemployment, bankruptcies and foreclosures in March reduced the nation's economic stress to its lowest point this year, according to The Associated Press' monthly analysis of conditions around the country.

Consumers felt better about the short-term outlook for the economy in April as expectations about the pace of inflation and concerns about the labor market eased.

More people bought new homes in March, helping give the battered industry a small lift after the worst winter for sales in almost a half-century.

Pending sales of previously owned U.S. homes unexpectedly rose in February, a trade group said on Monday, pointing to a modest pick-up in home sales.

The National Association of Realtors said the number of people who signed contracts to buy homes rose in November. The index of sales agreements for previously occupied homes increased by 3.