New home sales fell 7 percent in
The Janet Yellen confirmation hearing was always
U.S. homebuilder confidence leveled off in November
The National Association of Realtors reports pending
Home prices in 20 major U.S. metropolitan
The Federal Reserve on Wednesday announced that no changes to its bond buying program will occur, and that it will be holding interest rates steady at near zero. The inactivity by the Fed came as a surprise because a reduction to the central bank’s $85 billion monthly purchases of mortgage-backed securities and government bonds, known as quantitative easing, was widely expected.
Weak housing market numbers do not suggest that the upcoming jobs report will show strong job growth in construction. U.S. housing starts widely missed expectations in August amid a sharp slowdown in the multifamily sector. Increases in permits for single-family homes are giving some pundits hope of a sustained strengthening in the housing market recovery.