Fitch Solutions: Lennar’s CDS Still Sliding on U.S. Housing Worries
NEW YORK–(BUSINESS WIRE)–Further evidence of the stumbling U.S. housing market is evident in Lennar Corporation’s still-widening credit default swap (CDS) spreads and rising liquidity, according to Fitch Solutions in its latest earnings commentary. CDS on Lennar (reporting 2Q’11 earnings Thursday) have widened 24% over the past three months, underperforming the 7% widening observed for the …
Read more on Business Wire
Housing Starts in U.S. Grew More Than Forecast
Housing starts in the U.S. increased more than forecast in May, led by a jump in the West as other parts of the country languished.
Read more on Bloomberg
Toronto stock market back in red on lower oil, copper prices, U.S. data
TORONTO – The Toronto stock market moved lower Thursday afternoon as oil prices dropped and traders digested news that U.S. first-quarter economic growth was slower than expected.
Read more on The Canadian Press via Yahoo! Canada News
Obama: housing biggest drag on U.S. economy
President Barack Obama on Wednesday said the sluggish housing market is probably the biggest drag on the U.S. economy right now.
Read more on Reuters via Yahoo! News
Emerging-Market Stocks Rise on U.S. Housing Data, Intel’s Sales Forecast
Emerging-market stocks rose the most in almost five months as better-than-expected U.S. economic data and earnings from companies including Intel Corp. and PSA Peugeot Citroen raised confidence in the global economy.
Read more on Bloomberg
U.S. housing start s surge in Jan, permits tumble
WASHINGTON, Feb 16 (Reuters) – U.S. housing starts rose more than expected in January to their highest rate in four months but permits for future home construction dropped sharply after he5368709141718909216 …
Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance
Mozilo Predicted U.S. Housing Collapse as Fed Overlooked Risk
Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo warned as early as 2004 of a possible housing-market collapse while the Federal Reserve overlooked the threat a year later, according to documents released by the Financial Crisis Inquiry Commission.
Read more on BusinessWeek
Builders in U.S. Sell Fewer New Homes Than Forecast as Jobs Remain Scarce
Builders sold fewer new homes than forecast in November, signaling the U.S. housing market is floundering in the face of near-10 percent unemployment and an overhang of unsold existing properties.
Read more on Bloomberg
What’s Causing U.S. Personal Spending to Drop: Job Losses, Fear or Both?
Name: Michael Cassady Question: Paul, If the U.S. consumer market is the economic driver of the U.S. economy, and that of China too, with middle-class incomes stagnant, and consumer debt more controlled following the housing market bubble, how many jobs can be exported before it impacts U.S. consumption seriously? Paul Solman: I’m assuming you mean “how many jobs can be LOST?” not necessarily …
Read more on The Online NewsHour
Calif. ranked 3rd best U.S. home market
California had the nation’s third-best housing market in September, CoreLogic reports. Of course, things are worrisome if third best means a gain of 0.86 percent in a year — yes, less that a full percentage point! Tops on the list for…
Read more on Orange County Register
Powered by Yahoo! Answers