Applications to build homes climbed in April to the highest level since June 2008, helping alleviate concern that a slump the same month in construction starts on new houses would mean less support for the economy in the second half...
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Photograph by David Paul Morris/Bloomberg
Construction crews work on new homes being built in San Ramon, California, on April 12, 2013.
Building Permits Dwarf Ground-Breaking
Photograph by Justin Sullivan/Getty Images
New homes are under construction at a housing development on March 6, 2013 in Gilbert, Arizona.
Real-Estate Agent Earnings Point to Home-Price Jump
While prices for most commodities are falling, real-estate values are surging. The Labor Department’s report on producer prices today showed wholesale costs dropped 0.7 percent in April from the prior month, the biggest decline in three years, Bloomberg’s Alex Kowalski...
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Photograph by Ronda Churchill/Bloomberg
The Strip in Las Vegas, Nevada.
Staycations Yield to Vegas, Margaritaville: Sure Rebound Signs
DJ Steve Aoki sprayed champagne on attendees before selecting some to surf the crowd on an inflatable raft during opening week of the Hakkasan night club in Las Vegas last month. The five-story, $100 million-plus addition to the MGM Grand...
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Photograph by John Moore/Getty Images
A housing development on May 3, 2013 in Denver, Colorado.
Americans See Homes as Way to Save Not Spend
Cash-in has replaced cash-out as the strategy of choice for homeowners refinancing their mortgages. Rather than using their properties as ATM machines to boost spending, homeowners increasingly are paying down the principal and shortening the maturities of their mortgages in...
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Photograph by John Adkisson/Getty Images
A Bank of America ATM in Charlotte, North Carolina.
Bloomberg by the Numbers: $87,600
That’s the amount of campaign contributions that U.S. Rep. Mel Watt, President Barack Obama’s nominee to oversee Fannie Mae and Freddie Mac, received from Bank of America Corp. employees, beginning with his first House run in 1992. That’s more than Watt, a North...
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Photograph by Ty Wright/Bloomberg
A "FOR SALE" sign is displayed in front of a homes in the Fox Glen subdivision of Pickerington, Ohio.
Housing Rebound: Sellers Know Best
If you want to know where the housing market is headed, don’t ask prospective buyers. The ones that really have their fingers on the pulse are sellers, and they’re telling us the housing rebound is about to get a second...
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Photograph by David Paul Morris/Bloomberg
A contractor works on a KB Home under construction at the Vicino community in San Jose, California.
Homebuilder Shares Boosted by Sales
Shares of homebuilders from KB Home to Toll Brothers Inc. have enjoyed their best day since mid-2012. Analysts at Barclays Plc upgraded their views of the industry today to positive from neutral, projecting a 10 percent jump in new-home prices...
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Photograph by Ty Wright/Bloomberg
Home sales at the River Valley Highlands neighborhood in Lancaster, Ohio.
Home-buying? Forgo College
If you want to own a house, it may pay to be less educated. Homeownership rates among 30-year-olds with student debt plunged in 2012 more than for those without, according to an analysis published today by researchers at the New...
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Photograph by David Paul Morris/Bloomberg
Construction crews work on new homes being built in San Ramon, California, on April 12, 2013.
Rentals on Fire — Construction, That Is: Driving Housing
The U.S. housing market looked even healthier today on growing demand for rental properties. Data released by the Commerce Department showed builders broke ground on 1.04 million new homes in March at an annualized rate, the most since June 2008....
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Photograph by Getty Images
Housing Glass Half-Full: UBS Economist
The half-empty housing glass is actually half-full. That’s the conclusion of Sam Coffin, an economist for UBS Securities LLC in Stamford, Connecticut, as he explores pent-up demand in housing ahead of home construction numbers set for release tomorrow. Household formation,...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
