International Business News - MHO 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 Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. http://www.ibtimes.com/articles/20081119/us-home-construction-sinks-to-new-record-low.htm Wed, 19 Nov 2008 13:34:58 EST A government report on new-home construction and building permit applications for October is forecast to show declines for the fourth straight month as the housing sector is pulled down by falling prices, weak demand and a probable recession. http://www.ibtimes.com/articles/20081119/ahead-of-the-bell-housing-starts.htm Wed, 19 Nov 2008 06:13:56 EST M/I Homes Inc. said Thursday new contracts for homes as well as homes delivered both fell during the third quarter. New contracts stood at 456, down 19 percent from the third quarter last year. Homes delivered fell 29 percent to 555. http://www.ibtimes.com/articles/20081009/m-i-homes-says-3q-home-deliveries-fell.htm Thu, 09 Oct 2008 09:15:46 EDT 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 or sell a house anytime soon. http://www.ibtimes.com/articles/20081003/bailout-not-a-panacea-for-housing-market.htm Fri, 03 Oct 2008 18:15:46 EDT 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 financial industry. http://www.ibtimes.com/articles/20080929/bailouts-failure-bad-news-for-housing-market.htm Mon, 29 Sep 2008 18:16:07 EDT 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 the best position to weather the crisis. http://www.ibtimes.com/articles/20080919/cash-hoarders-poised-to-weather-credit-turbulence.htm Fri, 19 Sep 2008 16:47:04 EDT 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. http://www.ibtimes.com/articles/20080919/shares-of-homebuilders-rise-on-govt-intervention.htm Fri, 19 Sep 2008 10:22:34 EDT Shares of most major homebuilders rose Tuesday afternoon after Federal Reserve policy makers left a key interest rate unchanged and an index showed industry executives' sentiment improving. http://www.ibtimes.com/articles/20080916/shares-of-builders-rise-after-fed-holds-rates-firm.htm Tue, 16 Sep 2008 15:30:54 EDT Battered housing developers are a getting a bit more optimistic about their prospects for the next six months, an index of the sector's confidence showed Tuesday. http://www.ibtimes.com/articles/20080916/builder-sentiment-rises-from-record-low.htm Tue, 16 Sep 2008 13:00:11 EDT A government report on new home construction and building permit applications for June is forecast to show declines as builders scrapped development plans amid the ongoing housing slump. http://www.ibtimes.com/articles/20080717/ahead-of-the-bell-housing-starts.htm Thu, 17 Jul 2008 05:52:15 EDT A reading of housing developers' sentiment about the U.S. market is expected to remain at its all-time low in July. The National Association of Home Builders/Wells Fargo housing market index for the month is scheduled to be released Wednesday at 1 p.m. EDT. http://www.ibtimes.com/articles/20080716/ahead-of-the-bell-builder-sentiment.htm Wed, 16 Jul 2008 05:58:27 EDT Homebuilder M/I Homes Inc. said Thursday deliveries fell 37 percent in the second quarter on significantly fewer deliveries in the Florida market. In the quarter ended June 30, M/I reported deliveries of 478 homes, down from 755 a year ago. The company delivered 52 percent fewer homes in the Florida market than in the second quarter of 2007. http://www.ibtimes.com/articles/20080710/m-i-homes-delivers-37-percent-fewer-homes-in-2q.htm Thu, 10 Jul 2008 11:33:50 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 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 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 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 The Standard & Poor's SmallCap 600 Index crept lower at midday Tuesday, with Omnova Solutions Inc. taking the biggest loss after posting second-quarter results that missed Wall Street estimates. http://www.ibtimes.com/articles/20080617/s-p-smallcap-600-in-focus-omn-petd.htm Tue, 17 Jun 2008 13:01:58 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 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