International Business News - PHM 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 Pulte Homes Inc. said Wednesday its second-quarter loss narrowed from a year ago as the home builder booked fewer charges on land and unsold inventory despite a worsening housing market. http://www.ibtimes.com/articles/20080723/pulte-narrows-2q-loss-on-inventory-land-charges.htm Wed, 23 Jul 2008 18:10:35 EDT Major business events and economic events scheduled for xxx: WASHINGTON--Federal Reserve Report on regional economic conditions (Beige Book), 2 p.m. http://www.ibtimes.com/articles/20080722/calendar-of-major-business-events-for-wednesday.htm Tue, 22 Jul 2008 13:10:27 EDT Wall Street surged higher last week, but that's cold comfort to people whose stock portfolios are still down more than 10 percent this year. The week's better than expected earnings news, which helped the Street claw itself out of bear market territory, was hardly definitive. Quarterly results from some of the big banks came in above forecasts, but expectations were extremely low. Crude oil prices retreated from record highs, but are still up more than 70 percent since last summer. http://www.ibtimes.com/articles/20080720/more-bank-results-housing-data-this-week.htm Sun, 20 Jul 2008 13:42:02 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 Home builders' business outlook plunged this month to the lowest level since record keeping began more than 20 years ago, reflecting worsening industry conditions as the housing slump, rising gas prices and sagging consumer confidence combine to undermine the sales of new homes. http://www.ibtimes.com/articles/20080716/home-builders-confidence-hits-new-low-in-july.htm Wed, 16 Jul 2008 13:29:55 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 Housing stocks mostly rose Tuesday despite a report that showed pending home sales fell to their third-lowest level in May, as investors found some relief in remarks from the Federal Reserve chief. http://www.ibtimes.com/articles/20080708/sector-snap-housing-stocks-mostly-rise.htm Tue, 08 Jul 2008 12:29:13 EDT Data to be released on Tuesday is expected to show a decline in pending home sales in May. The National Association of Realtors' index of pending home sales is designed to predict completed transactions. http://www.ibtimes.com/articles/20080707/on-the-watch-pending-home-sales.htm Mon, 07 Jul 2008 18:03:47 EDT Housing stocks plunged Monday after a media report said a Federal Reserve official expects home prices and construction spending to continue to fall well into 2009. http://www.ibtimes.com/articles/20080707/housing-shares-drop-after-fed-officials-comment.htm Mon, 07 Jul 2008 13:26:55 EDT 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 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