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According to a Reuters survey, new construction of homes in the United States and permits for future buildings are on the rise. The actual numbers are supposed to come out today.
Chief economist Chris Low from the FTN Financial group in New York said, “New home …

Whenever you look at the overall economy and get discouraged, remember that there are a few upsides to the economy being in the gutter.
First, as a while, we’re borrowing less and putting away more. I suppose that we’ve all been a bit burned by not …

The housing market has been feeling a pinch for awhile now. The home improvement stores are also feeling the problems associated with a decrease in the housing market and new home construction as well as renovations.
To help with the decrease in profits, Lowe’s will be …

Construction for new homes has hit a 17.5 year low and signals the worst housing slump since the Great Depression. According to a report released by the Commerce Department, new house construction dropped 6.2% to an adjusted annual rate of 895,000 new homes this year. …