International Business News - CTX http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif 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. http://www.ibtimes.com/articles/20080702/correction-jp-morgan-homebuilders-story.htm Wed, 02 Jul 2008 09:09:04 EDT 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 cash flow. http://www.ibtimes.com/articles/20080701/analyst-note-homebuilders-face-headwinds.htm Tue, 01 Jul 2008 18:22:20 EDT 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 the economy. http://www.ibtimes.com/articles/20080701/ahead-of-the-bell-construction-spending.htm Tue, 01 Jul 2008 06:17:08 EDT 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. http://www.ibtimes.com/articles/20080630/sector-glance-consumer-discretionary-stocks-fall.htm Mon, 30 Jun 2008 12:03:08 EDT 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 growth, surging fuel prices and rising inflation. http://www.ibtimes.com/articles/20080627/ahead-of-the-bell-consumer-sentiment.htm Fri, 27 Jun 2008 06:14:22 EDT 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 are channeled through charities. http://www.ibtimes.com/data/articleimgs/79781-home-loan-assistance-fight.jpg http://www.ibtimes.com/articles/20080626/home-loan-aid-programs-could-be-cut-in-housing-bill.htm http://www.ibtimes.com/articles/20080626/home-loan-aid-programs-could-be-cut-in-housing-bill.htm Thu, 26 Jun 2008 13:55:58 EDT 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 10 percent to $13.12 in morning trading. The Miami builder reported a fiscal second-quarter loss and said it expects the housing market to deteriorate more in 2008. http://www.ibtimes.com/articles/20080626/sector-snap-homebuilders-slide-on-price-data.htm Thu, 26 Jun 2008 11:44:50 EDT The housing industry is still in the pits, but combined new and existing home sales aren't likely to hit a new bottom in May, "which would be a tentative sign of stabilization," writes Credit Suisse economist Jonathan Basile. http://www.ibtimes.com/articles/20080625/on-the-watch-housing-sector.htm Wed, 25 Jun 2008 17:22:02 EDT A government report to be released Wednesday is forecast to show that new home sales fell in May after an unexpected increase a month earlier. The Commerce Department is expected to report that new home sales dipped 2.1 percent in May to a seasonally adjusted annual rate of 515,000 units, according to the consensus forecast of Wall Street economists surveyed by Thomson/IFR. The report is scheduled to be released at 10 a.m. EDT. http://www.ibtimes.com/articles/20080625/ahead-of-the-bell-new-home-sales.htm Wed, 25 Jun 2008 06:12:51 EDT A Credit Suisse analyst started coverage of the homebuilder sector with an "Overweight" rating Tuesday, saying the industry will likely turn a corner next spring as inventory levels start to drop. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-homebuilders.htm Tue, 24 Jun 2008 08:47:42 EDT A closely watched reading of U.S. home prices will provide an indication of how far the housing market slipped in April as investors and homeowners try to figure out when the market will hit bottom. http://www.ibtimes.com/articles/20080624/ahead-of-the-bell-home-price-index.htm Tue, 24 Jun 2008 06:10:25 EDT On Tuesday, two indexes measuring the change in home prices in April are likely to show declines, as a glut of unsold homes continues to pressure the struggling market. http://www.ibtimes.com/articles/20080623/on-the-watch-home-prices.htm Mon, 23 Jun 2008 17:35:29 EDT The National Association of Home Builders spent more than $1.3 million lobbying in the first quarter on efforts to jump-start the slumping housing market. http://www.ibtimes.com/articles/20080620/home-builders-group-spent-1-3m-lobbying-in-1q.htm Fri, 20 Jun 2008 11:47:39 EDT 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 Realtors reports on existing home sales. http://www.ibtimes.com/articles/20080620/on-the-watch-hban-smod-hum.htm Fri, 20 Jun 2008 17:22:28 EDT Housing stocks fell across the board Tuesday after data showed the pace of construction slowed to a 17-year low and inflationary pressure rose sharply. http://www.ibtimes.com/articles/20080617/sector-snap-homebuilders-slide-on-data.htm Tue, 17 Jun 2008 12:35:56 EDT A government report on May new home construction and building permit applications is forecast to drop after an unexpected increase a month earlier. The Commerce Department report, due Tuesday at 8:30 a.m. EDT, is expected to show construction of new homes and apartments fell to an annual rate of 985,000 units in May, according to the consensus estimate of Wall Street economists surveyed by Thomson/IFR. http://www.ibtimes.com/articles/20080617/ahead-of-the-bell-housing-starts.htm Tue, 17 Jun 2008 06:13:29 EDT Housing stocks moved mostly higher Monday as economists become increasingly certain the Federal Reserve will not raise interest rates to stem rising inflation. http://www.ibtimes.com/articles/20080616/sector-snap-homebuilders-mostly-higher.htm Mon, 16 Jun 2008 12:25:45 EDT A reading of housing developers' sentiment about the U.S. market is expected to inch upward this month, a potential sign of improving conditions for the troubled sector. http://www.ibtimes.com/articles/20080616/ahead-of-the-bell-builder-sentiment.htm Mon, 16 Jun 2008 06:12:30 EDT Anheuser-Busch says InBev makes unsolicited purchase bid ST. LOUIS (AP)--Anheuser-Busch Cos. says Belgium-based brewer InBev has offered to buy the company for roughly $46 billion. http://www.ibtimes.com/articles/20080611/business-highlights.htm Wed, 11 Jun 2008 18:33:35 EDT The Standard & Poor's 500 Index fell sharply on Wednesday, weighted by the higher price of crude oil after the Energy Department said oil inventories fell more than expected last week and the dollar weakened. http://www.ibtimes.com/articles/20080611/s-p-500-leaders-and-laggards-mtg-spls.htm Wed, 11 Jun 2008 16:47:23 EDT