Housing Market, Good News | featured news

New single-family home sales rose in November but to a lower- than- expected rate , a government report showed on Thursday, highlighting the weakness in the housing market even as the broader economic recovery gains momentum.

Sales of previously owned U.S. homes rose in November, offering the latest sign the economy was ending the year on a more solid footing after a sluggish third-quarter performance.

Sales of previously owned homes rose more than expected in September, an industry group said on Monday, indicating the housing market was stabilizing at weaker levels.

The number of people who signed contracts to buy homes rose in August for the second straight month but remained far below last year's pace.

Sales of U.S. homes rose 7.6% in August -- recovering from their steep descent in July, when the end of a popular government stimulus program drove sales to their lowest levels in more than a decade.

Foreclosures could head higher in coming months, as the percentage of borrowers at least one payment behind resumed its rise, new data suggest.

For those seeking hope in the better-than-expected 23.6 percent jump in new home sales in June: it's only one month's data.

The stock market rebounded Wednesday after a stronger-than-expected increase in pending home sales restored investors' optimism about the economy.

New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month.

Home sales surpassed expectations for April as government incentives provided a temporary boost to the housing market.