Housing Market, New Homes | featured news

Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's - the worst in half a century.

Sales of new homes in the US fell to their lowest level on record in February, figures show.

Construction of new homes dipped unexpectedly last month in the U.S. as bad weather hit much of the country.

Construction of new homes, helped by better weather, rebounded in November following a setback in the previous month.

That's 30.7% down from the same month last year. Analysts had recently forecast a 1.7% rise in housing starts.

Construction of new homes edged up slightly in September, helped by a rebound in single-family construction. But applications for building permits fell by the largest amount in five months.

KB Home reported a narrower loss, aided by fewer write-downs and improved margins, as the company continued to see improvement in orders for new homes.