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(NEW YORK)In a July 1 story about a JP Morgan analyst note on homebuilders, The Associated Press erroneously reported two of analyst Michael Rehaut's statements.READ MORE

(NEW YORK)JP Morgan analyst Michael Rehaut said downward pressure on housing stocks is likely to persist because of higher interest rates, less help with down payments and declining company ...READ MORE

(WASHINGTON)A government report due Tuesday is forecast to show that construction activity fell 0.5 percent in May, as pain in the housing sector continued to outweigh gains in other parts of ...READ MORE

(NEW YORK)Consumer discretionary stocks in the Standard & Poor's 500 index fell 7.3 percent during the second quarter, amid a weakening U.S. economic environment.READ MORE

(WASHINGTON)A revised report on June consumer sentiment due out Friday is expected to show that Americans remain pessimistic about the economy due to falling home prices, deteriorating job gro...READ MORE

(WASHINGTON)Nonprofit groups are battling with the Bush administration over whether to kill programs that allow homebuyers without the money for a down payment to get funds from sellers that a...READ MORE

(NEW YORK)Housing stocks faltered Thursday after a major builder reported a quarterly loss and data showed home prices continued to fall last month. Lennar Corp. paced the decliners, falling...READ MORE