National Association Of Home Builders News
More Gas Price Hikes Ahead
Morning Business Memo… More pain at the pump may be ahead for motorists at the peak of the summer driving season. The US Energy Department says average prices for regular unleaded jumped 15 cents a gallon in the past week. That’s 21 cents more than...
New Home Sales Rise, Jobless Claims Drop
Sales of new homes rose in April rose nearly 30 percent compared with a year ago, according a to a report by the Commerce Department. This is the latest evidence of a recovering housing market, six years after the housing bubble burst leading to a...
Gun Industry Shares Plunge After Shootings
Morning Business Memo: The gun industry is under growing pressure to respond to the Newtown, Conn., school massacre. Despite soaring sales, shares of gun makers have been sinking since last week. Smith & Wesson fell 10 percent yesterday and another big manufacturer, Sturm, Roger &...
More Adults Living With Their Parents
Morning Business Memo: More adults are moving in with their parents. A new survey by PulteGroup, one of America’s biggest builders, says almost one third of homeowners expect their grown kids or parents to live with them. USA Today says the survey shows that the...
Dow Close Highest Since July
U.S. stocks closed at their highest level since last summer, with positive economic and financial news temporarily tempering worries over the festering European debt crisis. The Dow Jones industrial average closed at 12,579, up 0.78 percent, its highest rise since July 25, the Wall Street ...
Newt Gingrich Faces Questions About His Past (The Note)
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) Well, that was fast. Newt Gingrich spent much of Monday and Tuesday touting his surge in the Republican presidential primary race, but thanks to a Bloomberg News report that broke overnight, he’s going to spend much of...
Bachmann Takes Small Jabs at Cain
In the past two days, GOP contender Michele Bachmann has made small veiled jabs at Herman Cain, the Republican frontrunner embattled in a growing scandal over sexual harassment accusations. Twice in two days, Bachmann has said Republicans should choose a candidate without “surprises” in his...
Loss of home equity downsizes retirement for many
Paul Trigili, an information technology professional in Las Vegas, is 65, has back problems and would like to retire at the end of the year. There's just one thing standing in his way: his house. Trigili bought his home three years ago for $350,000. At the time, he thought it was a good deal,
The Note: Plan Z: Hoping For The Best, Preparing For The Worst
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) It’s come to this: The White House is making tentative plans for a Friday evening briefing on which of the government’s bills will be paid and which will not if come Aug....