The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's foreclosure crisis is abating amid an improving housing market.

Tagged with: foreclosures housing market

The economic downturn hammered carpenter Scott Sommer’s residential finishing business.

Tagged with: Belman Homes carpenters homebuilders housing market Wisconsin Builders Association

Confidence among U.S. homebuilders fell this month because of concerns that increased demand for new homes is exceeding supplies of ready-to-build land, building materials and workers.

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If you're looking for relief from surveys and reports that say small business owners are feeling bleak: Stop.

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While the nation's foreclosure woes persist, new data show they're easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes.

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U.S. sales of previously occupied homes rose in January to the second-highest level in three years, a sign the housing market is maintaining its recovery and helping to bolster the economy.

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U.S. homebuilders began work at a slower pace in January, though the level was still the third-highest since 2008. The pace of building was viewed as a sign of further strengthening in residential real estate.

Tagged with: Commerce Department foreclosures homebuilders housing market mortgages

Fewer Americans sought unemployment benefits last week, indicating companies continue to hire at a modest but steady pace.

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The U.S. government said Standard & Poor's knowingly inflated its ratings on risky mortgage investments that helped trigger the 2008 financial crisis.

Tagged with: housing market mortgages

U.S. home prices jumped by the most in 6 ½ years in December, spurred by a low supply of available homes and rising demand.

Tagged with: home prices housing market