The rich get richer, new houses

U.S. housing starts plunged in February as record-low temperatures across the country forced builders to postpone groundbreakings. The weather combined with tight lending standards for homebuyers is likely to result in the sixth-straight year of mediocre, single-digit growth in new housing. Total housing starts fell to a seasonally adjusted rate […]

Housing starts down again in January

U.S. homebuilders started construction on fewer projects in January than in December, continuing a six-year, saw-tooth pattern of ups and downs in housing starts. January housing starts were at a seasonally adjusted annualized rate of 1.065 million units, 2 percent below the downwardly revised December estimate of 1.087 million. Economists […]

1-800-FLOWERS earnings preview

Analysts expect that one of the top purveyors of gifts, 1-800-FLOWERS (FLWS), will report modest but consistent growth in the first quarter of fiscal year 2014, a signal of what is to come for the company as the economy continues to improve. 1-800-FLOWERS is one of the world’s largest florist […]

Housing prices in the US continue to rise

Housing prices continue their path to pre-crisis levels. With 12.2% the widely watched Case-Shiller home price index showed its biggest annual increase since March 2006. Compared to the previous month, the price for single-family homes in 20 major American cities rose in May by 2.4%. Overall the housing market continues […]

Home Prices Fly High

Housing prices posted their largest monthly gain in more than five years in a sign of an accelerating market that could provide a key boost to the economy. The widely watched Case Shiller index rose 2.5% in April, the largest one-month gain in history. Prices are up 12.1% from a […]

Phoenix’s Hot Housing Market to Cool

By Jeffrey Bukhari and Elly Yu After taking one of the largest hits during the financial crisis, the housing market in Phoenix has rebounded markedly in the past year. As home prices have risen more than 11 percent nationally since March 2012, the Phoenix area has seen values jump more […]