(WASHINGTON)The federal government's $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy ...READ MORE
(WASHINGTON)The recession in the U.S. housing market is expected to be deeper, longer and scarier if lawmakers continue to be deadlocked in their effort to pass a $700 billion bailout of the f...READ MORE
(NEW YORK)As Wall Street reveled in risky debt earlier this decade, manufacturers like Caterpillar Inc. guarded their cash. Now, with credit markets so volatile, the party poopers seem in th...READ MORE
(WASHINGTON)Shares of major homebuilders soared Thursday as the government prepared plans to buy up mortgage-related debt that has plummeted in value over the past year.READ MORE
(IRVINE, Calif.)Homebuilder Standard Pacific Corp. said Tuesday its net new home orders from continuing operations in July and August fell 30 percent from the year-ago period, hurt by the prolonge...READ MORE
(IRVINE, Calif.)Standard Pacific Corp. sold $381 million in convertible preferred shares to equity firm MatlinPatterson Global Advisers LLC, the homebuilder said Monday.READ MORE
(NEW YORK)Next week, investors will get updates on the struggling housing sector when the Department of Commerce reports data on new home sales for May, and the National Association of Realt...READ MORE