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October 11, 2008 12:16:04 AM CDT

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Stories related to: housing starts

Stories

11 Stories

  • September 2008

    • Stocks Dive at Open on AIG Save, Weak Housing Starts

      Wall Street Journal  |  Sep 17, 08 9:05 AM CDT

      Stocks Dive at Open on AIG Save, Weak Housing Starts

      (Newser) - Stocks took a nosedive at the opening bell, with the Dow falling 190.28 points within minutes, as the market absorbs an AIG bailout that prevented a body blow to the economy but was none too friendly to shareholders, the Wall Street Journal reports. The insurer fell 21% at the opening bell, leading a wide decline in financials. Housing starts also came in below analyst estimates for August, falling 6.2% to a 26-year low. More »

      Tags

      Financial Crisis  • Dow Jones  • stock market  • stocks  • AIG  • financial sector  • housing starts

  • August 2008
  • March 2008

    • Housing Starts Down; Producer Prices Up

      Bloomberg  |  Mar 18, 08 11:55 AM CDT

      Housing Starts Down; Producer Prices Up

      (Newser) - Housing starts fell yet again in February, and building permits hit a 16-year low, Bloomberg reports. The annual housing start rate fell to 1.065 million homes, a 0.6% drop from January, while permits sank 7.8%, indicating still bigger declines to come. “We don’t see it bottoming out,” said one Wachovia economist. February’s starts beat estimates, but permits fell more than forecast. More »

      Tags

      Ben Bernanke  • housing market  • inflation  • construction  • core inflation  • housing starts  • building permit

  • January 2008

    • New Home Sales Hit 12-Year Low

      Bloomberg  |  Jan 28, 08 1:20 PM CST

      New Home Sales Hit 12-Year Low

      (Newser) - Sales of new homes fell to a 12-year low in December, making 2007 the worst year on record for home sales. Economists had predicted November's numbers wouldn't get much worse; instead, sales decreased 4.7% to an annual rate of 604,000, reports Bloomberg. "We are in deep recession lows now in terms of new home sales and housing starts," says an economist. More »

      Tags

      housing market  • housing crisis  • housing starts  • housing sales  • new home sales

    • Dow Plummets 306.95 Points

      MarketWatch  |  Jan 17, 08 3:42 PM CST

      Dow Plummets 306.95 Points

      (Newser) - The Dow plunged 306.95 points to 12.159.21 today, its third straight sell-off and worst loss of the new year, as rough numbers put investors in a bearish mood. The key index has now fallen more than 1,000 points since 2008 began. Merrill Lynch posted a huge quarterly loss, manufacturing slowed, and housing starts came in at their lowest level since 1991. More »

      Tags

      Dow Jones  • S&P 500  • Nasdaq  • Ben Bernanke  • AIG  • manufacturing  • Merck  • housing starts  • Ambac Financial

    • Housing Starts Nosedive to Lowest Level Since 1991

      Wall Street Journal  |  Jan 17, 08 9:15 AM CST

      Housing Starts Nosedive to Lowest Level Since 1991

      (Newser) - Housing starts plunged 14% in December, demolishing median analyst estimates, which foresaw a mere 5% dip. November’s numbers were also revised down, reports the Wall Street Journal, from the 3.7% drop originally reported to 7.9%. When the dust settled, construction was at its lowest point since 1991, after suffering the biggest year-over-year decline since 1980. More »

      Tags

      housing crisis  • housing  • construction  • housing starts  • new construction  • building permit

  • December 2007

    • Nov. Housing Starts Fall 3.7%

      Bloomberg  |  Dec 18, 07 10:30 AM CST

      Nov. Housing Starts Fall 3.7%

      (Newser) - Housing starts fell less than expected in November, but fall they did, extending the worst housing slump since 1991. Starts fell 3.7% and, according to one analyst, probably won’t turn around until the third quarter of next year. Permits issued, which give a picture of future construction, fell to a 14-year low, Bloomberg reports. More »

      Tags

      subprime mortgages  • housing market  • housing crisis  • mortgage  • housing starts  • Toll Brothers

  • November 2007

    • Housing Permits at 10-Year Low

      Bloomberg  |  Nov 20, 07 1:45 PM CST

      Housing Permits at 10-Year Low

      (Newser) - Homebuilding permits fell for the fifth straight month in October to their lowest point since 1993, another signal that single-family home construction is drying up. Housing starts were unexpectedly up, but those were mostly work on condo projects. “All of us are ratcheting down our expectations for the bottom of the housing sector,” an economist told Bloomberg. “I don’t think we’re there yet.” More »

      Tags

      housing market  • housing starts

  • October 2007

    • Top Chicago Homebuilder Goes Bankrupt

      Chicago Tribune  |  Oct 24, 07 5:16 AM CDT

      Top Chicago Homebuilder Goes Bankrupt

      (Newser) - Neumann homes, a top Chicago homebuilder, will file for Chapter 11 bankruptcy protection, the Chicago Tribune reports, making it the second-largest builder felled by the dive in the housing market. The company has laid off all but 20 of its 110 workers. “I’m not overly optimistic about the future of this industry right now,” said CEO Ken Neumann. Other area builders could follow, Bloomberg warns. More »

      Tags

      subprime mortgages  • Chicago  • housing market  • housing crisis  • Detroit  • home prices  • housing starts  • housing industry  • home builders

    • Housing Starts Plummet to 14-Year Low

      Wall Street Journal  |  Oct 17, 07 9:49 AM CDT

      Housing Starts Plummet to 14-Year Low

      (Newser) - New homes starts fell to their lowest level in 14 years last month, plunging 10%—to an annualized rate of 1.191 million—after expectations of a 4.2% decline. The number followed a 3.2% drop in August, the Wall Street Journal reports. A homebuilders' confidence gauge registered its lowest number since its 1985 inception. Housing continues to get worse and worse,'' a Deutsche Bank economist told Bloomberg. The contraction will go on into at least the middle of next year." More »

      Tags

      interest rate  • Fed  • Consumer Price Index  • housing starts  • confidence  • homebuilders

  • June 2007

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